RM Legislation Announces Class Motion Lawsuit Against QuantumScape Corporation f/k/a Kensington Cash Acquisition Corp.

BERWYN, Pa., Jan. 20, 2021 /PRNewswire/ — RM Law, P.C. announces that a class motion lawsuit has been submitted on behalf of all folks or entities that procured QuantumScape Corporation f/k/a Kensington Money Acquisition Corp. (“QuantumScape” or the “Corporation”) (NYSE:QS) securities during the period from November 27, 2020 by December 31, 2020 inclusive (the “Class Interval”).

QuantumScape shareholders may perhaps, no afterwards than March 8, 2021 shift the Court for appointment as a lead plaintiff of the Class. If you procured shares of QuantumScape and would like to master additional about these statements or if you would like to discuss these matters and have any concerns relating to this announcement or your legal rights, call Richard A. Maniskas, Esquire toll-totally free at (844) 291-9299 or to indicator up on the net, click listed here.

The filed complaint alleges that QuantumScape Corporation f/k/a Kensington Cash Acquisition Corp. produced materially phony and/or deceptive statements and/or unsuccessful to disclose that: (1) that the Company’s purported success linked to its stable-point out battery electric power, battery lifestyle, and vitality density ended up appreciably overstated (2) that the Business is unlikely to be capable to scale its technologies to the multi-layer mobile important to ability electric motor vehicles and (3) that, as a end result of the foregoing, Defendants’ favourable statements about the Firm’s company, functions, and prospects had been materially deceptive and/or lacked a sensible foundation.

If you are a member of the course, you might, no later than March 8, 2021 ask for that the Court appoint you as direct plaintiff of the course.  A guide plaintiff is a representative occasion that acts on behalf of other class associates in directing the litigation.  In get to be appointed direct plaintiff, the Court docket have to identify that the class member’s assert is typical of the statements of other course associates, and that the class member will adequately depict the class.  Under sure circumstances, one or far more course users could alongside one another provide as “lead plaintiff.”  Your potential to share in any recovery is not, having said that, affected by the selection no matter whether or not to serve as a guide plaintiff.  You may perhaps keep RM Legislation, P.C. or other counsel of your choice, to provide as your counsel in this motion.

For additional information about this, please call RM Law, P.C.  (Richard A. Maniskas, Esquire) toll-cost-free at (844) 291-9299 or by electronic mail at [email protected] or simply click below. For a lot more information about course motion situations in basic or to learn extra about RM Regulation, P.C. make sure you go to our site by clicking here. 

RM Legislation, P.C. is a nationwide shareholder litigation agency. RM Law, P.C. is devoted to guarding the pursuits of individual and institutional traders in shareholder actions in condition and federal courts nationwide.

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