On December 18, 2024, the Hon. Roger T. Benitez entered a Final Judgment approving a $189 million settlement of the Class’s claims in Dicker v. TuSimple Holdings, Inc. et al., NO. 22-CV-1300 (S.D. Cal.). KSF, as co-counsel for the Class, obtained this extraordinary result – the largest ever settlement of a securities class action in the Southern District of California – after filing a detailed and thorough consolidated complaint, opposing seven separate motions to dismiss, negotiating an agreement with TuSimple to prevent the dissipation of its U.S. assets, and moving for a temporary restraining order to ensure that TuSimple’s cash remained in the U.S.

During the final approval hearing held on December 2, 2024, the Court noted that “both sides of this case are represented by some really top notch law firms. I’ve had the opportunity to observe both sides over the years and their reputations are impeccable. Both sides, both lawyers have done an excellent job, in my opinion, of litigating this case.” The Court further praised Plaintiffs’ Counsel, stating that “the return for the Plaintiffs I think is pretty remarkable. So I think you did a remarkable job on the Plaintiffs’ side.”