Autonomous driving technology provider TuSimple on Monday agreed to a $189 million settlement after being accused of defrauding shareholders. According to reports, all defendants denied any wrongdoing in agreeing to the settlement.
The case, filed in federal court in San Diego, centers on claims that TuSimple inflated its safety record and failed to disclose that three company insiders were governing a Chinese trucking competitor, Hydron.
According to court documents, the autonomous tech provider...
https://www.freightwaves.com/news/tusimple-plans-to-settle-federal-fraud-lawsuit-for-189m