NEW ORLEANS, January 22, 2022 /PRNewswire/ — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm Kahn Swick & Foti, LLC (“KSF”), announces that KSF has opened an investigation into QuantumScape Corporation (NYSE: QS).
At January 4, 2021, an investigation report published by Looking for Alpha highlighted numerous subpar performance metrics found in the company’s solid-state battery products that rendered them “completely unacceptable for actual EV field performance,” contrary to the company’s earlier statements touting its battery performance data. The report also noted other significant challenges “to be overcome before the first car can be put on the field.”
Subsequently, the Company and certain of its officers were sued in a securities class action lawsuit accusing them of failing to disclose material information during the Class Period, in violation of federal securities laws. securities. Recently, the court presiding over this case denied the company’s motion to dismiss, allowing the case to proceed.
KSF’s investigation focuses on whether QuantumScape’s officers and/or directors breached their fiduciary duties to QuantumScape shareholders or otherwise violated state or federal laws.
If you have any information that could assist KSF in its investigation, or if you have been a long-term holder of QuantumScape shares and wish to discuss your legal rights, you may, at no obligation or cost to you, call toll-free at 1 -877-515-1850 or email Lewis Kahn, KSF Managing Partner ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-qs/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – seeking to recover investment losses due to corporate fraud and malfeasance by listed companies in stock exchange. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
1100 Poydras Street, Suite 3200
New Orleans, LA 70163
SOURCE Kahn Swick & Foti, LLC