SAN DIEGO, June 21, 2022 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in shares of QuantumScape Corporation (NYSE: QS).
Investors, who purchased QuantumScape Corporation (NYSE: QS) shares prior to November 27, 2020 and continue to hold any of those NYSE: QS shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On January 6, 2021, a lawsuit was filed against QuantumScape Corporation over. The plaintiff alleged that the defendants failed to disclose that the Company’s battery technology was not sufficient for electric vehicle performance, as it would not be able to withstand the aggressive automotive environment; the Company’s battery technology likely provided no meaningful improvement over existing battery technology, that the successful commercialization of the Company’s battery technology was subject to much more significant risks and uncertainties than defendants had disclosed.
On June 21, 2021, a consolidated Complaint was filed and on August 20, 2021, the defendants filed a Motion to Dismiss the consolidated Complaint.
On January 14, 2022, the Court issued an Order denying Defendants' Motion to Dismiss except as it relates to one specific challenged statement.
Those who purchased QuantumScape Corporation (NYSE: QS) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
