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) who purchased shares between November 27, 2020 and December 31, 2020. The action, which was filed in the United States District Court for the Northern District of California, alleges that the Company violated federal securities laws.
In particular, the QuantumScape lawsuit alleges that (1) the Company’s purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (3) 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 does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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