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LAWSUITS FILED AGAINST QS, XOM and EH - Jakubowitz Law Pursues Shareholders Claims

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NEW YORK, NY / ACCESSWIRE / February 22, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. (NYSE:QS)

CONTACT JAKUBOWITZ ABOUT QS:
https://claimyourloss.com/securities/quantumscape-corporation-f-k-a-kensington-capital-acquisition-corp-loss-submission-form/?id=13043&from=1

Class Period : November 27, 2020 - December 31, 2020

Lead Plaintiff Deadline : March 8, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) that the Company's purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) that the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Exxon Mobil Corporation (NYSE:XOM)

CONTACT JAKUBOWITZ ABOUT XOM:
https://claimyourloss.com/securities/exxon-mobil-corporation-loss-submission-form/?id=13043&from=1

Class Period : February 28, 2018 - January 14, 2021

Lead Plaintiff Deadline : March 29, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Exxon forced its employees to use unrealistic assumptions regarding the timelines for well drilling in the Permian Basin; (ii) the foregoing assumptions served to artificially inflate the value of the Company's well operations in the Permian Basin; (iii) the foregoing conduct, when revealed, subjected Exxon to a heightened risk of regulatory investigation and oversight; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Ehang Holdings Limited (NASDAQ:EH)

CONTACT JAKUBOWITZ ABOUT EH:
https://claimyourloss.com/securities/ehang-holdings-limited-loss-submission-form/?id=13043&from=1

Class Period : December 12, 2019 - February 16, 2021

Lead Plaintiff Deadline : April 19, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's purported regulatory approvals in Europe and North American for its EH216 were for use as a drone, and not for carrying passengers; (ii) its relationship with its purported primary customer is a sham; (iii) EHang
has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019; (iv) the Company's manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: JAKUBOWITZ LAW



View source version on accesswire.com:
https://www.accesswire.com/631071/LAWSUITS-FILED-AGAINST-QS-XOM-and-EH--Jakubowitz-Law-Pursues-Shareholders-Claims