The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired QuantumScape Corporation (“QuantumScape” or the “Company”) (NYSE: QS) securities during the period from December 8, 2020 through December 31, 2020, inclusive (the “Class Period”). Investors have until March 8, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the Complaint, the Company made false and misleading statements to the market. QuantumScape dramatically overstated the purported success of its solid-state batteries, including their battery power, life, and energy density. The Company was unlikely to scale its battery technology to the multi-layer cells necessary to run electric vehicles. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about QuantumScape, investors suffered damages.
If you purchased or otherwise acquired QuantumScape securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.