Class Action Reports

QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. Class Action Lawsuit

Matt Snitzer

January 13, 2021

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.

 

TO LEARN MORE ABOUT THE QS CLASS ACTION, CLICK HERE

 

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.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com