{"id":411843,"date":"2021-01-11T08:03:15","date_gmt":"2021-01-11T13:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411843"},"modified":"2021-01-11T08:03:15","modified_gmt":"2021-01-11T13:03:15","slug":"portnoy-law-lawsuit-filed-on-behalf-of-quantumscape-corporation-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/portnoy-law-lawsuit-filed-on-behalf-of-quantumscape-corporation-investors\/","title":{"rendered":"Portnoy Law: Lawsuit Filed On Behalf of QuantumScape Corporation Investors"},"content":{"rendered":"
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LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm<\/a><\/u> advises investors that a class action lawsuit has been filed on behalf of QuantumScape Corporation (“QuantumScape” or “the Company”) (NYSE: QS) investors that acquired securities between November 27, 2020 and December 31, 2020. \u00a0<\/p>\n

Investors are encouraged to contact attorney Lesley F. Portnoy<\/a>,<\/u> to determine eligibility to participate in this action, by phone 310-692-8883 or email<\/a><\/u>, or click here<\/a><\/u> to join the case.<\/p>\n

It is alleged in the complaint that QuantumScape made misleading and\/or false statements and\/or failed to disclose that QuantumScape\u2019s purported success in relation to its solid-state battery power, battery life, and energy density was overstated significantly and it is unlikely that QuantumScape would be able to scale its technology to the multi-layer cell necessary to power electric vehicles.<\/p>\n

An article was published on January 4, 2021 on Seeking Alpha<\/em> which argued that QuantumScape\u2019s solid-state batteries are \u201ccompletely unacceptable for real world field electric vehicles.\u201d Specifically, the article stated 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 QuantumScape\u2019s stock price fell $34.49 on this news, or approximately 40.84%, to close at $49.96 per share on January 4, 2021.<\/p>\n

Please visit our website<\/a><\/u> to review more information and submit your transaction information.<\/p>\n

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm\u2019s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com<\/a><\/u>
310-692-8883
www.portnoylaw.com<\/p>\n

Attorney Advertising<\/p>\n

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Click here to join the case LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of QuantumScape Corporation (“QuantumScape” or “the Company”) (NYSE: QS) investors that acquired securities between November 27, 2020 and December 31, 2020. \u00a0 Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case. It is alleged in the complaint that QuantumScape made misleading and\/or false statements and\/or failed to disclose that QuantumScape\u2019s purported success in relation to its solid-state battery power, battery life, and energy density was overstated significantly and it is … <\/p>\n

Continue reading “Portnoy Law: Lawsuit Filed On Behalf of QuantumScape Corporation Investors”<\/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-411843","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPortnoy Law: Lawsuit Filed On Behalf of QuantumScape Corporation Investors - 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\/portnoy-law-lawsuit-filed-on-behalf-of-quantumscape-corporation-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portnoy Law: Lawsuit Filed On Behalf of QuantumScape Corporation Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Click here to join the case LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of QuantumScape Corporation (“QuantumScape” or “the Company”) (NYSE: QS) investors that acquired securities between November 27, 2020 and December 31, 2020. \u00a0 Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case. 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