{"id":410031,"date":"2021-01-06T21:03:30","date_gmt":"2021-01-07T02:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410031"},"modified":"2021-01-06T21:03:30","modified_gmt":"2021-01-07T02:03:30","slug":"quantumscape-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-quantumscape-corporation-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/quantumscape-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-quantumscape-corporation-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"QUANTUMSCAPE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against QuantumScape Corporation and Encourages Investors to Contact the Firm"},"content":{"rendered":"

<\/p>\n

QUANTUMSCAPE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against QuantumScape Corporation and Encourages Investors to Contact the Firm<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nBragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased QuantumScape Corporation (NYSE: QS) securities between November 27, 2020 to December 31, 2020 (the \u201cClass Period\u201d). Investors have until March 8, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.\n<\/p>\n

\nClick here<\/a> to participate in the action.\n<\/p>\n

\nOn January 4, 2021, an article was published on Seeking Alpha<\/i> pointing to several risks with QuantumScape\u2019s solid-state batteries that make it \u201ccompletely unacceptable for real world field electric vehicles.\u201d Specifically, it stated that the battery\u2019s power means it \u201cwill only last for 260 cycles or about 75,000 miles of aggressive driving.\u201d As solid-state batteries are temperature sensitive, \u201cthe power and cycle tests at 30 and 45 degrees above would have been significantly worse if run even a few degrees lower.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s stock price fell $34.49, or approximately 40.84%, to close at $49.96 per share on January 4, 2021.\n<\/p>\n

\nThe complaint, filed on January 5, 2021, alleges that throughout the Class Period defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that the Company\u2019s 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\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.\n<\/p>\n

\nIf you purchased QuantumScape securities during the Class Period and suffered a loss, are a long-term stockholder have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by filling out this contact form.<\/a> There is no cost or obligation to you.\n<\/p>\n

About Bragar Eagel & Squire, P.C.:<\/b><\/p>\n

\nBragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210106005858\/en\/<\/a><\/span><\/p>\n

\nBragar Eagel & Squire, P.C.
\n
Brandon Walker, Esq.
\n
Melissa Fortunato, Esq.
\n
Marion Passmore, Esq.
\n
(212) 355-4648
\n
investigations@bespc.com
\n<\/a>
www.bespc.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

QUANTUMSCAPE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against QuantumScape Corporation and Encourages Investors to Contact the Firm NEW YORK–(BUSINESS WIRE)– Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased QuantumScape Corporation (NYSE: QS) securities between November 27, 2020 to December 31, 2020 (the \u201cClass Period\u201d). Investors have until March 8, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On January 4, 2021, an article was published on … <\/p>\n

Continue reading “QUANTUMSCAPE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against QuantumScape Corporation and Encourages Investors to Contact the Firm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-410031","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nQUANTUMSCAPE ALERT: Bragar Eagel & Squire, P.C. 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