NEW YORK, Nov. 11, 2022 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all individuals or entities that purchased securities Did. Securities of TuSimple Holdings, Inc. (NASDAQ: TSP): (i) a registration statement and prospectus issued in connection with the April 15, 2021 initial public offering of TuSimple (collectively, the “Registration Statement”); (“IPO”); and/or (ii) April 15, 2021 through October 31, 2022, inclusive (“Class Period”).
The Complaint alleges that the defendants made materially false or misleading statements and/or failed to disclose: increase. , a company founded by defendant Mo Chen. (2) TuSimple shared confidential information and/or proprietary technology with Hydron without the approval of the Board of Directors or notification of any regulatory authority or TuSimple stockholders; (3) TuSimple did not disclose an internal board investigation initiated in July 2022 into TuSimple’s relationship with Hydron. (4) The foregoing actions have increased the likelihood of regulatory scrutiny and investigative action against us. (5) As a result, our official statements were materially erroneous and misleading at all relevant times.
Investors who have purchased or acquired shares of TuSimple should contact us. Before January 9, 2023 Lead Plaintiff’s Motion Time Limit. The lead plaintiff is the representative party acting on behalf of the other class members in directing the action. If you would like to discuss your rights or interests with respect to this class action, please contact Esq. Thomas J. McKenna. Or Gregory M. Eggleston, Esq. Gainey McKenna & Egleston at (212) 983-1300 or by email tjmckenna@gme-law.com Also gegleston@gme-law.com.
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