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QuantumScape SPAC Lawsuit Ends in $8.75M Settlement - USA Herald

Summary by USA Herald
In a dramatic resolution to a heated legal battle, QuantumScape Corp., its top executives, and the special-purpose acquisition company (SPAC) that took the lithium-metal battery innovator public have agreed to an $8.75 million settlement to close a shareholder derivative lawsuit. The case, which alleged breaches of fiduciary duty surrounding the QuantumScape-Kensington Capital Acquisition Corp. merger, QuantumScape SPAC $8.75M merger settlement e
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USA Herald broke the news in on Thursday, April 3, 2025.
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