Bernstein Liebhard LLC, New York, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of QuantumScape Corporation (NYSE: QS) resulting from allegations that QuantumScape might have issued misleading information to the investing public.
On January 4, 2021, an article was published on Seeking Alpha. That article pointed to a number of risks associated with QuantumScape’s solid state batteries. These risk make QuantumScape’s batteries “completely unacceptable for real world field electric vehicles.” The article specifically stated that QuantumScape’s battery’s power meant it would “only last for 260 cycles or about 75,000 miles of aggressive driving.”
On this news, the price of QuantumScape’s shares fell $34.49 or approximately 40.84% to close at $49.96 per share on January 4, 2021.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal‘s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
