QUANTUMSCAPE SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against QuantumScape Corporation – QS

NEW ORLEANS–(BUSINESS WIRE) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors they have up March 8, 2021 Lead plaintiff filing a class action lawsuit against QuantumScape Corporation (NYSE: QS) if they purchased the company’s securities between November 27, 2020 and December 31, 2020 (including the “Class Period”). This lawsuit is pending in the United States District Court for the Northern District of California.

What you can do

If you have purchased QuantumScape securities and would like to discuss your statutory rights and the possible impact this case may have on you and your right to reimbursement of your economic loss, you can contact KSF Managing Partner Lewis Kahn free of charge at 1- 877-515-1850 or email (lewis.kahn@ksfcounsel.com) or visit https://www.ksfcounsel.com/cases/nyse-qs/ to learn more. If you want to appear as the lead plaintiff in this class action, you must file a motion with the court March 8, 2021.

About the lawsuit

QuantumScape and some of its executives are charged with failing to disclose material information during the classroom, in violation of federal securities laws.

On January 4, 2021, before the market opened, a research report issued by Seeking Alpha highlighted numerous measurements of underperformance found in the company’s solid-state battery products, which they unlike the company “for the performance of electric vehicles in real life Field Completely Unacceptable “said earlier statements that touted the battery’s performance data as well as other important challenges that” must be overcome before they can bring the first car to market … that they have not yet solved and are therefore silent about “.

In that news, QuantumScape stock fell to a closing price of $ 49.96 per share on January 4, 2021, a one-day decline of 41% and a decline of more than 62% from the stock’s class period high of more than 131 USD per share corresponds to shares on December 22, 2020 ..

The case is Gowda v QuantumScape Corporation, 21-cv-00070.

About Kahn Swick & Foti, LLC

KSF, partnered with former Louisiana Attorney General Charles C. Foti Jr., is one of the premier securities litigation law firms in the country. KSF assists a wide variety of clients – including public institutional investors, hedge funds, money managers and private investors – in their search for investment losses due to corporate fraud and misconduct by listed companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you can visit www.ksfcounsel.com.

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