QuantumScape Corp. officers and directors, along with controlling shareholder Volkswagen Group of America Investments LLC, are responsible for the battery maker’s misrepresentations about its products’ performance, two investors allege in a derivative suit.
The company leaders and the VGA entity are also to blame for not complying with a California law requiring at least one female board member, John Gonzalez and Matthew Cannella say. They filed their suit on behalf of QuantumScape Thursday in the US District Court for the Northern District of California.
The electric vehicle battery misrepresentations and board diversity problems subjected the company to several types of ...
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