NEW YORK, January 16, 2021 / PRNewswire / – Rosen Law Firm, a global investor rights law firm, reminds buyers of securities of QuantumScape Corporation (NYSE: QS) between November 27, 2020 and December 31, 2020, including (the “Class Period”) March 8, 2021 lead applicant’s time limit in the case. The lawsuit seeks to recover damages for QuantumScape investors under federal securities laws.
To join the QuantumScape class action, go to http://www.rosenlegal.com/cases-register-2017.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on collective action.
According to the lawsuit, the defendants throughout the period of the action made false and / or misleading statements and / or failed to disclose that: (1) the alleged success of the company related to the power of its semi -conductors, its battery life and energy density was significantly overestimated; (2) the company’s battery technology was not sufficient for the performance of electric vehicles as it would not be able to withstand the aggressive automotive environment; (3) the company’s battery technology has probably not provided any significant improvement over existing battery technology; (4) the company is unlikely to be able to extend its technology to the multi-layered cell needed to power electric vehicles (5) the successful commercialization of the company’s battery technology was subject to many risks and uncertainties more important than the defendants had revealed; and (6) because of the above, the defendants significantly overestimated the value and prospects of the company’s battery technology. When the real details entered the market, the lawsuit claims that investors have suffered damage.
A class action has already been filed. If you want to become the principal applicant, you must move the Court not later than March 8, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the group in the direction of the litigation. If you would like to join the litigation, please visit http://www.rosenlegal.com/cases-register-2017.html or to discuss your rights or interests regarding this class action lawsuit, please contact Phillip Kim, Esq. from Rosen law firm toll free at 866-767-3653 or by e-mail at [email protected] or [email protected].
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY A LAWYER UNLESS YOU KEEP ONE. YOU CAN RETAIN ANY ADVICE OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT MEMBER AND DO NOTHING AT THIS POINT. THE ABILITY OF AN INVESTOR TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT ON HIS ACTING AS LEADING PLAINTIFF.
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Rosen Law Firm represents investors worldwide, focusing its practice in securities class actions and derivative shareholder litigation. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 3 every year since 2013. Rosen Law Firm has achieved the greatest settlement of a class action lawsuit never completed against a Chinese company. Rosen Law Firm attorneys are ranked and recognized by many independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen, PA Law Firm
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
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