LOS ANGELES–(Business enterprise WIRE)–The Schall Regulation Agency, a countrywide shareholder legal rights litigation organization, announces the submitting of a class action lawsuit versus QuantumScape Company (“QuantumScape” or “the Company”) (NYSE: QS) for violations of §§10(b) and 20(a) of the Securities Trade Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Buyers who ordered the Company’s securities in between December 8, 2020 and December 31, 2020, inclusive (the ”Class Period”), are inspired to get hold of the business in advance of March 8, 2021.
If you are a shareholder who endured a reduction, click on below to participate.
We also persuade you to make contact with Brian Schall of the Schall Legislation Company, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to go over your legal rights totally free of cost. You can also arrive at us through the firm’s web site at www.schallfirm.com, or by email at email@example.com.
The class, in this situation, has not but been accredited, and till certification happens, you are not represented by an attorney. If you pick to consider no motion, you can remain an absent course member.
In accordance to the Complaint, the Organization built wrong and misleading statements to the marketplace. QuantumScape dramatically overstated the purported results of its good-point out batteries, such as their battery energy, lifetime, and energy density. The Company was unlikely to scale its battery technological know-how to the multi-layer cells important to run electric motor vehicles. Based mostly on these specifics, the Company’s community statements have been false and materially misleading all through the course time period. When the marketplace realized the reality about QuantumScape, investors experienced damages.
Be part of the scenario to recuperate your losses.
The Schall Law Firm represents traders all-around the planet and specializes in securities course motion lawsuits and shareholder legal rights litigation.
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