Levi & Korsinsky, LLP reminds shareholders that a QS class action lawsuit has been commenced on behalf of investors who purchased QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. (QS) securities between December 8, 2020 and December 31, 2020. For more on the QuantumScape Class Action please contact us today.
According to the QuantumScape lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) that the Company’s purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) that the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in QuantumScape you have until March 8, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171