The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action, Certification of Class, and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion For an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information.
Please also be advised that Plaintiff Frank Fish (“Lead Plaintiff”) and additional plaintiffs Kathy Stark and Mary Cranny (together with Lead Plaintiff, “Plaintiffs”), on behalf of themselves and the class (as defined in paragraph 1 of the Notice), have reached a settlement of the Action for $47,500,000 in cash that will resolve all claims in the Action (the “settlement”).
On November 13, 2024, the Court held a fairness hearing to consider final approval of the Settlement and other matters. On January 22, 2025, the Court entered an order granting final approval and awarding attorney's fees and costs.
Claims administration commenced in the fall of 2024 and was completed in the summer of 2025. On July 8, 2025, Lead Counsel filed its Distribution Motion. On August 8, 2025, the Court approved the Distribution Motion.
The Claims Administrator conducted an initial distribution of the settlement funds to eligible claimants in October 2025
The second distribution will occur in the fourth quarter of 2026. Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.
If you have questions, you may call the QuantumScape Securities Litigation Helpline at (866)-778-9623 or email info@QuantumScapeSettlement.com.