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LAWSUITS FILED AGAINST QSR, QS and DECN - JAKUBOWITZ LAW PURSUES SHAREHOLDERS CLAIMS

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NEW YORK, NY / ACCESSWIRE / February 15, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods ... Jakubowitz Law

NEW YORK, NY / ACCESSWIRE / February 15, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Restaurant Brands International Inc. (NYSE:QSR)

CONTACT JAKUBOWITZ ABOUT QSR:
https://claimyourloss.com/securities/restaurant-brands-international-inc-loss-submission-form/?id=12883&from=1

Class Period : April 29, 2019 - October 28, 2019

Lead Plaintiff Deadline : February 19, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's Winning Together Plan was failing to generate substantial, sustainable improvement within the Tim Hortons brand; (2) the Tims Rewards loyalty program was not generating sustainable revenue growth as increased customer traffic was not offsetting promotional discounting; and (3) as a result, Defendants' statements about the Company's business, operations, and prospects lacked a reasonable basis.

QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. (NYSE:QS)

CONTACT JAKUBOWITZ ABOUT QS:
https://claimyourloss.com/securities/quantumscape-corporation-f-k-a-kensington-capital-acquisition-corp-loss-submission-form/?id=12883&from=1

Class Period : November 27, 2020 - December 31, 2020

Lead Plaintiff Deadline : March 8, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) that the Company's purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) that the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Decision Diagnostics Corp. (OTC PINK:DECN)

CONTACT JAKUBOWITZ ABOUT DECN:
https://claimyourloss.com/securities/decision-diagnostics-corp-loss-submission-form/?id=12883&from=1

Class Period : March 3, 2020 - December 17, 2020

Lead Plaintiff Deadline : March 16, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Decision Diagnostics had not developed any viable COVID-19 test, much less a test that could detect COVID-19 in less than one minute; (ii) the Company could not meet the FDA's EUA testing requirements for its purported COVID-19 test; (iii) accordingly, Defendants had misrepresented the timeline within which it could realistically bring its COVID-19 test to market; (iv) all the foregoing subjected Defendants to an increased risk of regulatory oversight and enforcement; and (v) as a result, Defendants' public statements were materially false and misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law



View source version on accesswire.com:
https://www.accesswire.com/629682/LAWSUITS-FILED-AGAINST-QSR-QS-and-DECN--JAKUBOWITZ-LAW-PURSUES-SHAREHOLDERS-CLAIMS

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    (Bloomberg) -- SK Innovation Co. had the biggest decline in almost a year in Seoul trading after the International Trade Commission ruled its electric-vehicle batteries will be banned from the U.S. for 10 years, giving bigger rival LG Energy Solution Co. a win.Shares of SK Innovation, which supplies Ford Motor Co. and Volkswagen AG, dropped as much as 9.6% in early trading, the biggest intraday decline since March 2020. The stock traded down 6.6% at 277,000 won as of 9:15 a.m. in Seoul. Shares of LG Chem Ltd., the parent of LG Energy, gained as much as 5.2%.“SK Innovation will ultimately have to reach some sort of an agreement with LG Energy,” said Lee Dong-wook, an analyst at Kiwoom Securities Co. in Seoul. “It has to consider the fact that it has supply agreements with customers and either way it has to meet those obligations. The focus will be on how big the settlement will be.”U.S. agency ITC on Wednesday ruled in favor of LG Chem in an intellectual property dispute. The South Korean company is able to import components for four years for domestic battery production for Ford’s EV F-150 launching next year, and for Volkswagen’s American MEB line for two years, to give the automakers time to transition to new domestic suppliers, it said.LG Energy said Thursday it expects to meet with SK Innovation soon to talk about a settlement, adding that any agreement will depend on how authentic SK Innovation’s proposal is. Korean markets opened Monday after the Lunar New Year break.Seoul-based SK Innovation has said its first U.S. factory, being constructed in Georgia, is scheduled to begin operations later this year, though some of components will come from overseas.LG Energy has accused SK Innovation of stealing its battery-making secrets. The ITC affirmed a judge’s decision that the import ban was the appropriate punishment for SK Innovation destroying evidence LG Chem said it needed to prove its case.SK Innovation and the automakers can petition President Joe Biden to veto the import ban on public policy grounds. If the president doesn’t take any action, the order will take effect in 60 days. SK Innovation, which called the decision “regrettable,” has argued that its EV battery efforts are key to Biden’s green-energy agenda.SK Innovation may consider appealing the ITC ruling after a thorough review, according to a statement Thursday. It also said that it’s willing to negotiate so long as conditions are reasonable.LG Energy was set up in December after LG Chem split its battery business into a new entity and is seeking an initial public offering. The company has a factory in Holland, Michigan. General Motors Co. and the South Korean company are also planning a battery factory in Ohio for use in GM vehicles.The two South Korean companies are competing for a bigger share of what’s expected to be a fast-growing market for batteries that power electric vehicles, putting the automakers in the middle.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.