{"id":450246,"date":"2021-03-03T20:34:19","date_gmt":"2021-03-04T01:34:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450246"},"modified":"2021-03-03T20:34:19","modified_gmt":"2021-03-04T01:34:19","slug":"final-deadline-approaching-on-march-8-2021-kessler-topaz-meltzer-check-llp-reminds-quantumscape-corporation-investors-of-class-action-lawsuit-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/final-deadline-approaching-on-march-8-2021-kessler-topaz-meltzer-check-llp-reminds-quantumscape-corporation-investors-of-class-action-lawsuit-deadline\/","title":{"rendered":"Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; Check, LLP Reminds QuantumScape Corporation Investors of Class Action Lawsuit Deadline"},"content":{"rendered":"<p>        <!--.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; Check, LLP Reminds QuantumScape Corporation Investors of Class Action Lawsuit Deadline<\/b><\/p>\n<p>RADNOR, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe law firm of Kessler Topaz Meltzer &amp; Check, LLP announces that a securities fraud class action lawsuit has been filed against QuantumScape Corporation (NYSE: QS; QS.WS) (\u201cQuantumScape\u201d), f\/k\/a Kensington Capital Acquisition Corp. (\u201cKensington\u201d) on behalf of those who purchased or acquired QuantumScape securities <b><i>between November 27, 2020 and December 31, 2020<\/i><\/b>, inclusive (the \u201cClass Period\u201d).\n<\/p>\n<p><b><i>Deadline Reminder: Investors who purchased or acquired QuantumScape securities<\/i><\/b><b><i>during the Class Period may, <span class=\"bwuline\">no later than March 8, 2021<\/span>, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer &amp; Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at<\/i><\/b><a rel=\"nofollow\" href=\"mailto:info@ktmc.com\">info@ktmc.com<\/a>; <b>or<\/b><b><i>click <\/i><\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ktmc.com%2Fquantumscape-corporation-securities-class-action%3Futm_source%3DPR%26utm_medium%3Dlink%26utm_campaign%3Dqunatumscape&amp;esheet=52386462&amp;newsitemid=20210303005009&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.ktmc.com%2Fquantumscape-corporation-securities-class-action%3Futm_source%3DPR%26amp%3Butm_medium%3Dlink%26amp%3Butm_campaign%3Dqunatumscape&amp;index=1&amp;md5=865ba1342595c1909cbbb9b0dcdbf7b4\">https:\/\/www.ktmc.com\/quantumscape-corporation-securities-class-action?utm_source=PR&amp;utm_medium=link&amp;utm_campaign=qunatumscape<\/a>.\n<\/p>\n<p>\nAccording to the complaint, QuantumScape develops and commercializes solid-state lithium-metal batteries for electric vehicles (\u201cEVs\u201d). In 2012, QuantumScape began working with Volkswagen Group of America, Inc. (\u201cVolkswagen\u201d) and Volkswagen Group of America Investments, LLC (\u201cVGA\u201d) to develop an EV battery. In 2018, Volkswagen, VGA and QuantumScape announced the establishment of a joint production project to prepare solid-state batteries for mass production. On September 3, 2020, QuantumScape announced a merger with Kensington. Upon completion of the transaction, QuantumScape would receive $1 billion in financing, including funding from VGA and the Qatar Investment Authority. That transaction was completed on November 27, 2020, and QuantumScape Class A common stock and warrants began trading on the NYSE.\n<\/p>\n<p>\nThe complaint alleges that on January 4, 2021, prior to the open of trading, <i>Seeking Alpha<\/i> published a research report entitled \u201cQuantumScape\u2019s Solid State Batteries Have Significant Technical Hurdles To Overcome.\u201d The introduction of the <i>Seeking Alpha<\/i> report emphasized that \u201cQuantumScape\u2019s science is very good. . .[b]ut their batteries are small and unproven \u2013 not yet as big as an iWatch battery, and never tested outside a lab,\u201d adding that \u201c[t]here are significant risks associated with solid state batteries that have not been overcome,\u201d and emphasizing that \u201c[t]hey will likely never achieve the performance they claim.\u201d Following this news, the market prices of QuantumScape publicly traded securities fell precipitously, with the price of QuantumScape\u2019s Class A common stock declining more than 63% from its Class Period high of more than $131 per share on December 22, 2020 to close down at $49.96 per share on January 4, 2021, including a one-day decline of more than $34 per share, or 41%, on January 4, 2021.\n<\/p>\n<p>\nQuantumScape<b><i \/><\/b>investors may, <b><i><span class=\"bwuline\">no later than March 8, 2021<\/span><\/i><\/b>, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer &amp; Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member\u2019s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.\n<\/p>\n<p>\nKessler Topaz Meltzer &amp; Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer &amp; Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer &amp; Check, LLP. For more information about Kessler Topaz Meltzer &amp; Check, LLP please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ktmc.com&amp;esheet=52386462&amp;newsitemid=20210303005009&amp;lan=en-US&amp;anchor=www.ktmc.com&amp;index=2&amp;md5=aaf172235eeba217cb6ea3f64f389ac5\">www.ktmc.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210303005009r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210303005009\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210303005009\/en\/<\/a><\/span><\/p>\n<p>\nKessler Topaz Meltzer &amp; Check, LLP<br \/>\n<br \/>James Maro, Jr., Esq.<br \/>\n<br \/>Adrienne Bell, Esq.<br \/>\n<br \/>280 King of Prussia Road<br \/>\n<br \/>Radnor, PA 19087<br \/>\n<br \/>(844) 887-9500 (toll free)<br \/>\n<br \/>(610) 667-7706<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@ktmc.com\">info@ktmc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Pennsylvania<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210303005009\/en\/861696\/3\/KTMC-Logo_4C_%282%29_-_Copy.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; Check, LLP Reminds QuantumScape Corporation Investors of Class Action Lawsuit Deadline RADNOR, Pa.&#8211;(BUSINESS WIRE)&#8211; The law firm of Kessler Topaz Meltzer &amp; Check, LLP announces that a securities fraud class action lawsuit has been filed against QuantumScape Corporation (NYSE: QS; QS.WS) (\u201cQuantumScape\u201d), f\/k\/a Kensington Capital Acquisition Corp. (\u201cKensington\u201d) on behalf of those who purchased or acquired QuantumScape securities between November 27, 2020 and December 31, 2020, inclusive (the \u201cClass Period\u201d). Deadline Reminder: Investors who purchased or acquired QuantumScape securitiesduring the Class Period may, no later than March 8, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/final-deadline-approaching-on-march-8-2021-kessler-topaz-meltzer-check-llp-reminds-quantumscape-corporation-investors-of-class-action-lawsuit-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; Check, LLP Reminds QuantumScape Corporation Investors of Class Action Lawsuit Deadline&#8221;<\/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-450246","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; Check, LLP Reminds QuantumScape Corporation Investors of Class Action Lawsuit Deadline - 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\/final-deadline-approaching-on-march-8-2021-kessler-topaz-meltzer-check-llp-reminds-quantumscape-corporation-investors-of-class-action-lawsuit-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; Check, LLP Reminds QuantumScape Corporation Investors of Class Action Lawsuit Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; Check, LLP Reminds QuantumScape Corporation Investors of Class Action Lawsuit Deadline RADNOR, Pa.&#8211;(BUSINESS WIRE)&#8211; The law firm of Kessler Topaz Meltzer &amp; Check, LLP announces that a securities fraud class action lawsuit has been filed against QuantumScape Corporation (NYSE: QS; QS.WS) (\u201cQuantumScape\u201d), f\/k\/a Kensington Capital Acquisition Corp. (\u201cKensington\u201d) on behalf of those who purchased or acquired QuantumScape securities between November 27, 2020 and December 31, 2020, inclusive (the \u201cClass Period\u201d). Deadline Reminder: Investors who purchased or acquired QuantumScape securitiesduring the Class Period may, no later than March 8, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to &hellip; Continue reading &quot;Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; Check, LLP Reminds QuantumScape Corporation Investors of Class Action Lawsuit Deadline&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/final-deadline-approaching-on-march-8-2021-kessler-topaz-meltzer-check-llp-reminds-quantumscape-corporation-investors-of-class-action-lawsuit-deadline\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T01:34:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210303005009r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/final-deadline-approaching-on-march-8-2021-kessler-topaz-meltzer-check-llp-reminds-quantumscape-corporation-investors-of-class-action-lawsuit-deadline\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/final-deadline-approaching-on-march-8-2021-kessler-topaz-meltzer-check-llp-reminds-quantumscape-corporation-investors-of-class-action-lawsuit-deadline\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Final Deadline Approaching on March 8, 2021: Kessler Topaz Meltzer &amp; 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QS.WS) (\u201cQuantumScape\u201d), f\/k\/a Kensington Capital Acquisition Corp. (\u201cKensington\u201d) on behalf of those who purchased or acquired QuantumScape securities between November 27, 2020 and December 31, 2020, inclusive (the \u201cClass Period\u201d). Deadline Reminder: Investors who purchased or acquired QuantumScape securitiesduring the Class Period may, no later than March 8, 2021, seek to be appointed as a lead plaintiff representative of the class. 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