Lawsuits Filed Against SPLK, KNDI and QS - Jakubowitz Law Pursues Shareholders Claims
NEW YORK, NY / ACCESSWIRE / January 21, 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.
Splunk Inc. (NASDAQ:SPLK)
CONTACT JAKUBOWITZ ABOUT SPLK:
https://claimyourloss.com/securities/splunk-inc-loss-submission-form/?id=12321&from=1
Class Period : October 21, 2020 - December 2, 2020
Lead Plaintiff Deadline : February 2, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.
Kandi Technologies Group, Inc. (NASDAQ:KNDI)
CONTACT JAKUBOWITZ ABOUT KNDI:
https://claimyourloss.com/securities/kandi-technologies-group-inc-loss-submission-form/?id=12321&from=1
Class Period : March 15, 2019 - November 27, 2020
Lead Plaintiff Deadline : February 9, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms length relationship with Kandi; (ii) the majority of Kandi's sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (iii) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi's reported revenues and, in turn, have a foreseeable negative impact on the Company's reputation and valuation; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
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=12321&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.
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/625281/Lawsuits-Filed-Against-SPLK-KNDI-and-QS--Jakubowitz-Law-Pursues-Shareholders-Claims
