ROSEN, GLOBAL INVESTOR COUNSEL, encourages TuSimple

NEW YORK, Nov. 12, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of securities of TuSimple Holdings, Inc. (NASDAQ: TSP): (i) pursuant to and/ or the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the initial public offering (“IPO”) of TuSimple on April 15, 2021); and/or (ii) between April 15, 2021 and October 31, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than January 9, 2022.

SO WHAT: If you purchased TuSimple securities during the Class Period, you may be entitled to compensation without payment of any fees or out-of-pocket 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=9655 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than January 9, 2023. 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. Many of these companies do not bring securities class action lawsuits. 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 attorneys have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, throughout the Class Period and in connection with the IPO effected by way of the Registration Statement, the Defendants made materially false or misleading statements and/or failed to disclose that : (1) TuSimple was engaged in undisclosed related party transactions with Hydron, 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 without notifying TuSimple’s regulators or shareholders; (3) TuSimple failed to disclose the Commission’s internal investigation, which began in July 2022, into TuSimple’s ties to Hydron; (4) the foregoing conduct has increased the likelihood of regulatory review and investigation against the Company; and (5) therefore, the Company’s public statements were materially false and misleading at all material 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=9655 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.

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 party 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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Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. 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 been ranked in the top 4 every year since 2013. Rosen Law Firm has achieved the highest securities class action settlement ever. against a Chinese company. Rosen Law Firm attorneys are rated and recognized by numerous independent and respected sources. Rosen Law Firm secured hundreds of millions of dollars for investors.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40e 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

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