NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international firm specializing in securities and consumer rights litigation, is investigating whether certain directors and officers of TuSimple Holdings Inc. ( “TuSimple”) (NASDAQ: TSP) breached their fiduciary duties to TuSimple and its shareholders. If you are a TuSimple shareholder, you can contact attorney Joe Pettigrew for more information toll-free at 844-818-6982 or [email protected].
Scott+Scott is investigating whether members of TuSimple’s board of directors or senior management failed to manage TuSimple in an acceptable manner, in violation of their fiduciary duties, and whether TuSimple and its shareholders suffered damages as a result .
On October 31, 2022, TuSimple announced that the board had fired Xiaodi Hou as TuSimple’s CEO, President, and CTO. The Wall Street Journal had reported the day before that TuSimple and Hou were under investigation by the Federal Bureau of Investigation, the Securities and Exchange Commission and the Committee on Foreign Investment in the United States to find out whether TuSimple had financed and improperly transferred technology to Hydron Inc., a China-backed startup founded in 2021 by TuSimple co-founder Mo Chen, and whether Hou breached fiduciary duties and securities laws by not disclosing incorrectly TuSimple’s relationship with Hydron.
what you can do
If you are a shareholder of TuSimple, you may have legal claims against the directors and officers of TuSimple. If you would like to discuss this survey, or have any questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll free at 844-818-6982 or [email protected].
About Scott+Scott Lawyers LLP
Scott+Scott has extensive experience in pursuing major securities, antitrust and consumer rights actions across the United States. The firm represents pension funds, foundations, individuals and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California and Ohio.