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New York, New York--(Newsfile Corp. - January 7, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. (NYSE: QS) alleging that the Company violated federal securities laws.
Class Period: December 8, 2020 and December 31, 2020
Lead Plaintiff Deadline: March 8, 2021
Learn more about your recoverable losses in QS:
The filed complaint alleges that QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. 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.
Shareholders have until March 8, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the QS lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71578