{"id":410763,"date":"2021-01-07T16:12:46","date_gmt":"2021-01-07T21:12:46","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410763"},"modified":"2021-01-07T16:12:46","modified_gmt":"2021-01-07T21:12:46","slug":"scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-quantumscape-corporation-qs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-quantumscape-corporation-qs\/","title":{"rendered":"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against QuantumScape Corporation (QS)"},"content":{"rendered":"

<\/p>\n

Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against QuantumScape Corporation (QS)<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–Scott+Scott Attorneys at Law LLP<\/a> (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of class action lawsuits against QuantumScape Corporation, formerly known as Kensington Capital Acquisition Corp. (\u201cQuantumScape\u201d or the \u201cCompany\u201d) (NYSE: QS) and other related defendants, alleging violations of federal securities laws. If you purchased QuantumScape stock or other securities between November 27, 2020 and December 31, 2020 (the \u201cClass Period\u201d), and have suffered losses, you are encouraged to contact Joe Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com<\/a>.<\/b><\/p>\n

\nQuantumScape develops battery technology for electric vehicles and other applications.\n<\/p>\n

\nThe lawsuits allege, among other things, that the defendants made false and\/or misleading statements and\/or failed to disclose that the Company\u2019s purported success related to its solid-state battery power, battery life, and energy density was significantly overstated and the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles.\n<\/p>\n

\nOn January 4, 2021, an article was published on Seeking Alpha<\/i> arguing that QuantumScape\u2019s solid-state batteries are \u201ccompletely unacceptable for real world field electric vehicles.\u201d Specifically, the article said that the battery\u2019s power \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

What You Can Do<\/b><\/p>\n

\nIf you purchased QuantumScape securities between November 27, 2020 and December 31, 2020, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Joe Pettigrew at (844) 818-6982 or jpettigrew@scott-scott.com<\/a>. The lead plaintiff deadline is March 8, 2021.\n<\/p>\n

About Scott+Scott Attorneys at Law LLP<\/b><\/p>\n

\nScott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.\n<\/p>\n

\nAttorney Advertising\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210107005880\/en\/<\/a><\/span><\/p>\n

Joe Pettigrew
\n<\/b>
Scott+Scott Attorneys at Law LLP
\n<\/a><\/b>
230 Park Avenue, 17th Floor, New York, NY 10169-1820
\n<\/b>
(844) 818-6982
\n<\/b>
jpettigrew@scott-scott.com<\/a><\/b><\/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":"

Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against QuantumScape Corporation (QS) NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of class action lawsuits against QuantumScape Corporation, formerly known as Kensington Capital Acquisition Corp. (\u201cQuantumScape\u201d or the \u201cCompany\u201d) (NYSE: QS) and other related defendants, alleging violations of federal securities laws. If you purchased QuantumScape stock or other securities between November 27, 2020 and December 31, 2020 (the \u201cClass Period\u201d), and have suffered losses, you are encouraged to contact Joe Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. QuantumScape develops battery technology for electric vehicles and other applications. The lawsuits allege, among other things, that the … <\/p>\n

Continue reading “Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against QuantumScape Corporation (QS)”<\/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-410763","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nScott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against QuantumScape Corporation (QS) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottscott-attorneys-at-law-llp-alerts-investors-to-securities-class-action-against-quantumscape-corporation-qs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against QuantumScape Corporation (QS) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Scott+Scott Attorneys at Law LLP Alerts Investors to Securities Class Action Against QuantumScape Corporation (QS) NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (\u201cScott+Scott\u201d), an international shareholder and consumer rights litigation firm, announces the filing of class action lawsuits against QuantumScape Corporation, formerly known as Kensington Capital Acquisition Corp. (\u201cQuantumScape\u201d or the \u201cCompany\u201d) (NYSE: QS) and other related defendants, alleging violations of federal securities laws. If you purchased QuantumScape stock or other securities between November 27, 2020 and December 31, 2020 (the \u201cClass Period\u201d), and have suffered losses, you are encouraged to contact Joe Pettigrew for additional information at (844) 818-6982 or jpettigrew@scott-scott.com. QuantumScape develops battery technology for electric vehicles and other applications. 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