TuSimple’s Hou says he was removed as chair, CEO ‘without cause’

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Hou’s ouster came after The Wall Street Journal reported the company was being investigated by the FBI, U.S. Securities and Exchange Commission (SEC) and Committee on Foreign Investment about its relationship with China-backed Hydron Inc.

Hou described the board’s process as “questionable at best,” denied any wrongdoing, and said he did not intend to sell shares in the company.