TuSimple co-founder demands liquidation, sues company for control of his shares
tuSimple(TSP) TechCrunch·2024-11-28 00:48
Xiaodi Hou, the co-founder and former CEO of self-driving truck startup TuSimple, is demanding that the board immediately liquidate the company and return all remaining funds – roughly $450 million – to shareholders “on a pure pro-rata basis, regardless of share class,” according to a letter that TechCrunch has viewed. Hou is also suing TuSimple and his former co-founder Mo Chen, the company’s chief producer and director, to confirm that a 2022 voting agreement granting Chen control over TuSimple expired in ...