SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against QuantumScape Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

THE ANGEL–(BUSINESS WIRE) – Schall law firm, a national shareholder law firm, has announced that it has filed a class action lawsuit against QuantumScape Corporation (“QuantumScape” or “the Company”) (NYSE: QS) for violations of Section 10 (b). and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.

Investors who purchased the Company’s securities between November 27, 2020 and December 31, 2020 (including the “Class Period”) are advised to contact the Company before March 8, 2021.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at brian@schallfirm.com.

In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.

According to the complaint, the company made false and misleading statements to the market. QuantumScape has dramatically exaggerated the alleged success of its solid-state batteries, including their battery performance, lifespan, and energy density. The company was unlikely to scale its battery technology to the multi-layer cells required to power electric vehicles. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about QuantumScape, investors suffered damage.

Join the case to make up for your losses.

Schall law firm represents investors around the world and specializes in class and shareholder disputes.

This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.

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