Berger Montague is investigating securities fraud allegations against TuSimple Holdings, Inc. (NASDAQ: TSP)

PHILADELPHIA CREAM, August 31, 2022 /PRNewswire/ — Shepherd Montague is investigating allegations of securities fraud on behalf of investors who purchased TuSimple Holdings, Inc. (“TuSimple” or the “Company”) (NASDAQ: TSP) securities from April 12, 2021 and August 1, 2022 (the “Class Period”).

If you purchased TuSimple’s securities during the Class Period, would like to discuss At Berger Montague investigation, or if you have any questions regarding your rights or interests, please contact the lawyers Andre Abramowitz at [email protected] or (215) 875-3015, or Michael Dell‘Angelo to [email protected] or (215) 875-3080 or visit: https://investigations.bergermontague.com/tusimple/

Whistleblowers: Anyone with non-public information about TuSimple is encouraged to help confidentially At Berger Montague survey or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.

TuSimple, headquartered in San Diegoclaims to develop autonomous technology specifically designed for semi-trailers in United States and internationally. It is developing a range of Level 4 (“L4”) autonomous semi-trailers specially designed for the North American market.

On August 1, 2022the the wall street journal published an article titled, “Self-driving truck crash draws attention to safety at TuSimple,” which highlighted a number of previously undisclosed concerns that undermined defendants’ safety statements and omissions of the company. The article referred to a April 6, 2022 accident involving a truck equipped with TuSimple’s self-driving technology, and reported that, among other things, “[t]’accident…highlights concerns the self-driving trucking company is risk safety on the public road rush to deliver driverless trucks at the market, according to independent analysts and more than a dozen former company employees.”

At this news, shares of TuSimple fell $0.97 per share, i.e. nearly 10%, from a closing price of $9.96 per share on July 29, 2022 at a closing price of $8.99 per share on August 1, 2022.

Shepherd Montaguewith offices at philadelphia cream, Minneapolis, washington d.c.and San Diegohas been a pioneer in securities class actions since its founding in 1970. Shepherd Montague has represented individual and institutional investors for over five decades and acts as lead counsel before courts across United States.

contacts
Andre Abramowitzsenior counsel
Shepherd Montague
(215) 875-3015
[email protected]

Michael Dell‘Angelo, executive shareholder
Shepherd Montague
(215) 875-3080
[email protected]

THE SOURCE Shepherd Montague

Karen J. Nelson