CLASS ACTION UPDATE for TUYA, TSP and TWTR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, NY / ACCESSWIRE / October 5, 2022 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
TUYA Shareholders Click Here: https://www.zlk.com/pslra-1/tuya-lawsuit-loss-submission-form?prid=32427&wire=1
TSP Shareholders Click Here: https://www.zlk.com/pslra-1/tusimple-lawsuit-loss-submission-form?prid=32427&wire=1
TWTR Shareholders Click Here: https://www.zlk.com/pslra-1/twitter-lawsuit-submission-form?prid=32427&wire=1
* ADDITIONAL INFORMATION BELOW *
Tuya Inc. (NYSE:TUYA)
This lawsuit is on behalf of all persons or entities who purchased Tuya American Depositary Shares in or traceable to the Company’s March 2021 initial public offering.
Lead Plaintiff Deadline: October 11, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/tuya-lawsuit-loss-submission-form?prid=32427&wire=1
TuSimple Holdings Inc. (NASDAQ:TSP)
This lawsuit is on behalf of all persons who: (a) purchased or otherwise acquired TuSimple common stock pursuant and/or traceable to documents issued in connection with TuSimple’s April 15, 2021 initial public offering; and/or (b) that purchased or otherwise acquired TuSimple securities between April 15, 2021 and August 1, 2022, both dates inclusive.
Lead Plaintiff Deadline: October 31, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/tusimple-lawsuit-loss-submission-form?prid=32427&wire=1
According to the filed complaint, (i) TuSimple’s commitment to safety was significantly overstated and defendants concealed fundamental problems with the Company’s technology; (ii) TuSimple was rushing the testing of its autonomous driving technology in order to deliver driverless trucks to the market ahead of its more safety-conscious competitors; (iii) there was a corporate culture within TuSimple that suppressed or ignored safety concerns in favor of unrealistically ambitious testing and delivery schedules; (iv) the aforementioned conduct made accidents involving the Company’s autonomous driving technology more likely; (v) the aforementioned conduct invited enhanced regulatory scrutiny and investigatory action toward the Company; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Twitter, Inc. (NYSE:TWTR)
TWTR Lawsuit on behalf of: investors who purchased August 3, 2020 – August 23, 2022
Lead Plaintiff Deadline: November 14, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/twitter-lawsuit-submission-form?prid=32427&wire=1
According to the filed complaint, during the class period, Twitter, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Twitter knew about security concerns on their platform; (2) Twitter actively worked to hide the security concerns from the board, the investing public, and regulators; (3) contrary to representations in its filings with the U.S. Securities and Exchange Commission, Twitter did not take steps to improve security; (4) Twitter’s active refusal to address security issues increased the risk of loss of public goodwill; and (5) as a result, defendants’ statements about Twitter’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: Levi & Korsinsky, LLP
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Published Wed, 05 Oct 2022 21:06:01 -0500