RM LAW Announces Class Action Lawsuit Against QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp.

BERWYN, Pa., January 20, 2021 / PRNewswire / – RM LAW, PC announces that a class action lawsuit has been filed on behalf of any person or entity that QuantumScape Corporation works for a Kensington Capital Acquisition Corp. (“QuantumScape” or the “Company”) purchased (NYSE: QS) securities during the period from November 27, 2020 by December 31, 2020 inclusive (the “lesson”).

QuantumScape shareholders can do so no later than March 8, 2021 move the court to appoint the class lead plaintiff. If you have purchased QuantumScape stock and would like to learn more about these claims, or if you would like to discuss these matters and have questions about this announcement or your rights, please contact Richard A. Maniskas, Esquire toll free at (844) 291-9299 or to register online, click here.

The complaint filed alleges that QuantumScape Corporation f / k / a Kensington Capital Acquisition Corp. Has made and / or failed to disclose materially false and / or misleading statements that: (1) the Company’s alleged success is related to its solid-state battery, battery life and energy density have been significantly overrated; (2) that the company is unlikely to be able to scale its technology to the multi-layer cell required to power electric vehicles; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and / or unfounded.

If you are a member of the class, you can at the latest March 8, 2021 Ask the court to appoint you as the lead plaintiff for the class. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. To be named lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members and that the class member is adequately representing the class. In certain circumstances, one or more class members may act together as “lead plaintiffs”. However, your ability to get involved in a recovery will not be affected by whether or not you will be the lead plaintiff. You can keep RM LAW, PC, or any other lawyer of your choice to act as your lawyer in this promotion.

For further information please contact RM LAW, PC (Richard A. Maniskas, Esquire) toll free at (844) 291-9299 or by email at [email protected] or click here. For more information on class actions in general, or to learn more about RM LAW, PC, please visit our website by clicking here.

RM LAW, PC is a national law firm for shareholders. RM LAW, PC is dedicated to protecting the interests of individual and institutional investors in shareholder claims in state and federal courts across the country.

CONTACT:

RM LAW, PC


Richard A. Maniskas, Esquire


1055 Westlakes Dr., Ste. 300


Berwyn, PA 19312


484-324-6800


844-291-9299


[email protected]

SOURCE RM LAW, PC

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