INVESTOR ALERT: Kirby McInerne – GuruFocus.com

NEW YORK, Oct. 24, 2022 (GLOBE NEWSWIRE) — The law firm Kirby McInerney LLP reminds investors that securities class actions 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 petition the court to be named lead plaintiff in the lawsuits. Additional information on each case can be found at the links provided below.

Azure Power Global Limited (“Azure”) (: AZE)

Course period: June 15, 2021 to August 26, 2022
Pending Court: United States District Court for the Southern District of New York
Lead Applicant Deadline: October 31, 2022

The lawsuit alleges that, throughout the Class Period, the 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 any of Azure’s factories; (2) some project data has been 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 more information on the Azure trial, please visit this website.

Latch, Inc. (“Latch”) ( LTCH; LTCHW)

Course period: May 13, 2021 to August 25, 2022,
Pending Court: United States District Court for the Southern District of New York
Lead Applicant Deadline: October 31, 2022

The lawsuit alleges that, throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose the following: (1) that there were sales agreements not declared related to hardware devices; (2) that, as a result, Latch incorrectly recognized revenue throughout fiscal 2021 and the first quarter of 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 the financial statements for fiscal 2021 and the first quarter of 2022.

For more information on the Latch trial, please visit this website.

TuSimple Holdings, Inc. (“TuSimple”) ( PST)

Class Period: April 12, 2021 (including IPO) to August 1, 2022
Pending Court: United States District Court for the Southern District of California
Lead Applicant Deadline: October 31, 2022

The lawsuit alleges that, throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose, among others, that: (1) TuSimple’s commitment to security was grossly overstated and defendants concealed fundamental problems with TuSimple’s technology; (2) TuSimple was rushing testing of its self-driving technology to bring driverless trucks to market before its more safety-conscious competitors; (3) there was a corporate culture within TuSimple that suppressed or ignored security issues in favor of unrealistic testing and delivery schedules; (4) the above behavior made accidents involving TuSimple’s self-driving technology more likely; and (5) the aforementioned conduct invited increased regulatory scrutiny and investigative action against TuSimple.

For more information about the TuSimple trial, please visit this website.

About Kirby McInerney LLP:

Kirby McInerney is a New York-based law firm specializing in securities, antitrust, whistleblower and consumer litigation. The company’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional company information is available on the Kirby McInerney website: www.kmllp.com.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
[email protected]
www.kmllp.com

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