Final Approval of $47.5 Million Settlement Granted in In re QuantumScape Securities Class Action, 21-cv-00058-WHO (N.D. Cal)
Recovered:
$47.5 Million
On January 22, 2025, the U.S. District Court for the Northern District of California granted final approval of a settlement in which Levi & Korsinsky, LLP, representing the class of investors in QuantumScape Corp. (NYSE: QS), secured a settlement fund of $47.5 million. The settlement resolves claims that QuantumScape misled the public about its prototype battery during its December 8, 2020 Solid-State Battery Showcase and in subsequent public statements. The Class Period for this action ran from QuantumScape’s IPO via a de-SPAC transaction on November 27, 2020 through April 14, 2021.
The Final Approval Order and other settlement documents may be found here.
