Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 8, 2021 to file lead plaintiff applications in a securities class action lawsuit against QuantumScape Corporation (NYSE:QS).
QuantumScape and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On January 4, 2021, before market open, an investigative report issued by Seeking Alpha highlighted numerous measures of subpar performance discovered in the Company’s solid state battery products that rendered them “completely unacceptable for real world field electric vehicle performance,” contrary to the Company’s prior statements touting its battery’s performance data, as well as other significant challenges “to be overcome before they can put the first car in the field…that they have not solved yet and so remain silent about.”
On this news, the price of QuantumScape’s shares plummeted to a close of $49.96 per share on January 4, 2021, a one-day decline of 41% and a decline of more than 62% from the stock’s Class Period high of more than $131 per share on December 22, 2020.
If you purchased securities of QuantumScape and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Gowda v. QuantumScape Corporation, 21-cv-00070.
Click here to read the case complaint.