QS DEADLINE: Pawar Law Group Announces a Securities Course Motion Lawsuit Towards QuantumScape Corporation- QS
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NEW YORK, Jan 25, 2021 (Globe NEWSWIRE by using COMTEX) —
NEW YORK, Jan. 25, 2021 (World NEWSWIRE) — Pawar Regulation Group announces that a class motion lawsuit has been submitted on behalf of shareholders who obtained shares of QuantumScape Company (NYSE: QS) from November 27, 2020 by way of December 31, 2020, inclusive (the “Course Time period”). The lawsuit seeks to recuperate damages for QuantumScape Corporation buyers underneath the federal securities regulations. If you want to serve as lead plaintiff, you ought to shift the Court docket no afterwards than March 8, 2021.
To be a part of the class action, go listed here or connect with Vik Pawar, Esq. toll-free at 888-589-9804 or e mail [email protected] for facts on the class action.
In accordance to the lawsuit, defendants created false and/or deceptive statements and/or failed to disclose that: the Company’s purported accomplishment linked to its strong-point out battery electric power, battery existence, and energy density were appreciably overstated the Company’s battery technological know-how was not ample for electric auto general performance as it would not be in a position to stand up to the intense automotive surroundings the Firm’s battery technological innovation probably delivered no meaningful enhancement about existing battery technology the Corporation is unlikely to be ready to scale its engineering to the multi-layer cell vital to electricity electrical vehicles the profitable commercialization of the Firm’s battery technology was matter to considerably far more considerable hazards and uncertainties than defendants had disclosed and as a consequence of the foregoing, defendants materially overstated the worth and prospective customers of the Company’s battery engineering. When the real specifics entered the market, the lawsuit claims that traders endured damages.
If you would like to provide as lead plaintiff, you will have to go the Court no later than March 8, 2021. A lead plaintiff is a consultant get together performing on behalf of other class users in directing the litigation.
No class has been accredited. Right up until a class is accredited, you are not represented by counsel except you employ a single. You may possibly employ counsel of your selection. You may perhaps also do practically nothing at this time and be an absent member of the class. Your means to share in any foreseeable future restoration is not dependent upon staying a lead plaintiff.
Pawar Regulation Group signifies traders from all over the globe. Legal professional advertising and marketing. Prior results do not ensure or predict a similar result with regard to any foreseeable future subject.
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Contact:
Vik Pawar, Esq.
Pawar Law Group
20 Vesey Avenue, Suite 1410
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938
[email protected]
COMTEX_379453997/2471/2021-01-25T09:52:35
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