ROSEN, GLOBAL INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against QuantumScape Corporation; Encourages Investors with Losses in Excess of $100K to Contact the Firm
NEW YORK, January 11, 2021 / PRNewswire / – Rosen Law Firm, a global investor rights law firm, has announced that it has filed a class action lawsuit on behalf of buyers of QuantumScape Corporation (NYSE: QS) securities November 27, 2020 and December 31, 2020including (the “Class Period”). The lawsuit seeks to seek compensation for QuantumScape investors under federal securities laws.
To take part in the QuantumScape Class Promotion, visit http://www.rosenlegal.com/cases-register-2017.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] Class action information.
According to the lawsuit, throughout the class period, defendants made false and / or misleading statements and / or failed to disclose that: (1) the company’s alleged success in terms of its solid-state battery performance, battery life and energy density has been significantly overstated ;; (2) The company’s battery technology was insufficient for electric vehicles to perform because it could not withstand the harsh automotive environment. (3) The company’s battery technology is unlikely to provide any significant improvement over existing battery technology. (4) The company is unlikely to be able to scale its technology to the multi-layer cell needed to power electric vehicles. (5) The successful commercialization of the company’s battery technology was exposed to far greater risks and uncertainties than the defendants stated. and (6) 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.
A class action lawsuit has already been filed. If you want to act 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. If you would like to join the litigation, please go to http://www.rosenlegal.com/cases-register-2017.html or contact to discuss your rights or interests in relation to this class action lawsuit Phillip Kim, Esq. the law firm Rosen free of charge at 866-767-3653 or by email at [email protected] or [email protected].
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. An investor’s ability to get involved in a potential future recovery does not depend on being the lead plaintiff.
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Rosen law firm represents investors around the world and focuses on class action and shareholder derivatives litigation. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The firm has been voted into the top 3 every year since 2013. The law firm Rosen has achieved the largest ever class action lawsuit for securities against a Chinese company. Rosen Law Office attorneys are ranked and recognized by numerous independent and reputable sources. Rosen law firm has raised hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen, PA law firm
275 Madison Avenue, 40th floor
New York, NY 10016
Tel .: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, PA