NEW YORK, Oct. 24, 2022 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that securities class action lawsuits have been filed on behalf of investors in securities of Azure Power Global Limited, Latch, Inc., and TuSimple Holdings, Inc. Investors have until the deadlines below to apply to the Court to be appointed as lead plaintiff in the lawsuits. Additional information about each case can be found at the links provided below.
Azure Power Global Limited (“Azure”) (NYSE: AZRE)
Class Period: June 15, 2021 to August 26, 2022
Pending Court: U.S. District Court for the Southern District of New York
Lead Plaintiff Deadline: October 31, 2022
The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) there were procedural irregularities, including deviations from safety and quality standards, at one of Azure’s plants; (2) certain project data was manipulated; (3) as a result of the foregoing, Azure’s internal controls and procedures were not effective; and (4) Azure had received a credible whistleblower report alleging such misconduct.
For additional information on the Azure lawsuit please visit this website.
Latch, Inc. (“Latch”) (NASDAQ: LTCH; LTCHW)
Class Period: May 13, 2021 to August 25, 2022,
Pending Court: U.S. District Court for the Southern District of New York
Lead Plaintiff Deadline: October 31, 2022
The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) that there were unreported sales arrangements related to hardware devices; (2) that, as a result, Latch had improperly recognized revenue throughout fiscal 2021 and first quarter 2022; (3) that there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; and (4) that, as a result of the foregoing, Latch would restate financial statements for fiscal 2021 and first quarter 2022.
For additional information on the Latch lawsuit please visit this website.
TuSimple Holdings, Inc. (“TuSimple”) (NASDAQ: TSP)
Class Period: April 12, 2021 (including IPO) to August 1, 2022
Pending Court: U.S. District Court for the Southern District of California
Lead Plaintiff Deadline: October 31, 2022
The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose, inter alia, that: (1) TuSimple’s commitment to safety was significantly overstated and Defendants concealed fundamental problems with TuSimple’s technology; (2) 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; (3) there was a corporate culture within TuSimple that suppressed or ignored safety concerns in favor of unrealistically ambitious testing and delivery schedules; (4) the aforementioned conduct made accidents involving TuSimple’s autonomous driving technology more likely; and (5) the aforementioned conduct invited enhanced regulatory scrutiny and investigatory action toward TuSimple.
For additional information on the TuSimple lawsuit please visit this website.
About Kirby McInerney LLP:
Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
[email protected]
www.kmllp.com
- Pilgrim’s Pride Corporation to Host Third Quarter Earnings Call on October 31, 2024 - October 9, 2024
- CORRECTION — Commercial insurance market projects stability as rates moderate across most lines of business - October 9, 2024
- Andrew Cardno, CTO of Quick Custom Intelligence, Receives Prestigious Lifetime Achievement Award from Gaming & Leisure - October 9, 2024
