FAIRNESS ALERT: Rosen Law Firm Encourages TuSimple Holdings Inc. Investors to Seek Guidance Ahead of Important Deadline in Securities Class Action – TSP | Company

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NEW YORK–(BUSINESS WIRE)–Sept. 6, 2022–

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of TuSimple Holdings Inc. (NASDAQ: TSP): (i) pursuant to the filings of offer issued in the context of the initial public offering of the Company carried out on or around April 15, 2021 (the “IPO”); and/or (ii) between April 15, 2021 and August 1, 2022, both dates inclusive (the “Class Period”). If you wish to act as lead plaintiff, you must move the Court no later than October 31, 2022.

SO WHAT: If you purchased TuSimple titles, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the TuSimple class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8026 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than October 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the IPO documents were negligently prepared and, as a result, contained misrepresentations of material facts or failed to state other facts necessary for the statements made not to be misleading and were not not prepared in accordance with the rules and regulations governing their preparation. In addition, the Complaint alleges that, throughout the Class Period, the Defendants made materially false and misleading statements regarding the company’s business, operations and prospects. Specifically, the IPO Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (1) TuSimple’s commitment to security was grossly overstated and Defendants covered up fundamental problems with the company’s technology; (2) TuSimple was rushing testing of its self-driving technology to bring driverless trucks to market before its more safety-conscious competitors; (3) there was a corporate culture within TuSimple that suppressed or ignored security issues in favor of unrealistic testing and delivery schedules; (4) the above driving made accidents involving the Company’s self-driving technology more likely; (5) the above conduct invited increased regulatory scrutiny and investigative action against the Company; and (6) therefore, the Company’s public statements were materially false and misleading at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.

To join the TuSimple class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8026 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20220906006078/en/

CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, Pennsylvania

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CLASS ACTION PROFESSIONAL SERVICES LEGAL

SOURCE: The Rosen Law Firm, Pennsylvania

Copyright BusinessWire 2022.

PUBLISHED: 06/09/2022 17:04 / DISK: 06/09/2022 17:04

http://www.businesswire.com/news/home/20220906006078/en

Copyright BusinessWire 2022.

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