TuSimple drama heats up ahead of pivotal shareholder meeting

TuSimple co-founder and former CEO Xiaodi Hou is on a war path in the lead up to Friday’s annual shareholder meeting that will decide the makeup of the company’s board of directors. Over the past several weeks, Hou has sued TuSimple for control of his voting rights, demanded the company immediately liquidate and return all remaining cash to shareholders, and urged courts to block TuSimple’s ability to transfer funds to China.  Now, Hou is pushing shareholders to change the board, even if that means taking ...