NEW YORK, February 3, 2021 (GLOBE NEWSWIRE) – Pawar Law Group announces that on behalf of shareholders who purchased QuantumScape Corporation (NYSE: QS) shares from November 27, 2020 through December 31, 2020, a Class action lawsuit has been filed. 2020 inclusive (the “Class Period”). The lawsuit seeks to seek compensation for investors in QuantumScape Corporation under federal securities laws. If you want to appear as the lead plaintiff, you must move the court at the latest March 8, 2021.
To participate in the class action, go here or call Vik Pawar, Esq. toll free at 888-589-9804 or email firstname.lastname@example.org for information on the class action lawsuit.
According to the lawsuit, the defendants made false and / or misleading statements and / or failed to disclose: The company’s alleged success in terms of its solid-state battery performance, battery life and energy density has been grossly overstated; The company’s battery technology was insufficient for electric vehicles to perform because it could not withstand the harsh automotive environment. The company’s battery technology likely did not provide any significant improvement over existing battery technology. It is unlikely that the company will be able to scale its technology to the multi-layer cell required to power electric vehicles. The successful commercialization of the company’s battery technology was exposed to far greater risks and uncertainties than the defendants stated. As a result of the foregoing, defendants have materially overstated the value and prospects of the company’s battery technology. When the real details hit the market, the lawsuit alleged that investors suffered damage.
If you want to appear as the lead plaintiff, you must move the court at the latest March 8, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute.
No class has been certified. Until a class is certified, you will not be represented by a lawyer unless you hire one. You can hire a lawyer of your choice. You can also do nothing at this point and be an absent member of the class. Your ability to partake in a future recovery does not depend on whether you are the lead plaintiff.
The Pawar Law Group represents investors from all over the world. Lawyer advertising. Past results do not guarantee or forecast a similar result with respect to future matters.
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1410
New York, NY 10007
Tel .: (917) 261-2277
Fax: (212) 571-0938