StockNews.AI
QUBT
StockNews.AI
167 days

Class Action Announcement QUBT: A Securities Fraud Class Action Lawsuit Was Filed Against Quantum Computing Inc. (QUBT)

1. QCI faces a class action lawsuit for alleged misrepresentation. 2. Investors claim QCI overstated technology capabilities and NASA relationships. 3. Misleading statements may significantly damage QCI's reputation and business. 4. Lead plaintiff deadline is April 28, 2025, for interested investors. 5. Investors are encouraged to seek representation for potential losses.

6m saved
Insight
Article

FAQ

Why Very Bearish?

The class action lawsuit indicates potential severe financial ramifications. Similar lawsuits in the past have led to major stock price declines in tech companies due to loss of investor confidence.

How important is it?

The allegations suggest severe misconduct that could undermine QCI's credibility, impacting investor trust significantly. Given recent trends in securities litigation, such actions often lead to substantial market reactions.

Why Short Term?

Immediate legal issues may prompt quick reactions from investors, affecting stock prices rapidly. Historical instances, like those of Theranos, exemplify swift impacts on share values following legal revelations.

Related Companies

IBMD-WaveIONQ
RADNOR, Pa., March 5, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Quantum Computing Inc. ("QCI") (NASDAQ: QUBT) on behalf of those who purchased or otherwise acquired QCI securities between March 30, 2020, and January 15, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is April 28, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered QCI losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/quantum-computing-inc?utm_source=PR&utm_medium=link&utm_campaign=qubt&mktm=r You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT:The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) QCI overstated the capabilities of the company's quantum computing technologies, products, and/or services; (2) QCI overstated the scope and nature of its relationship with NASA, as well as the scope and nature of QCI's NASA-related contracts and/or subcontracts; (3) QCI overstated the company's progress in developing a thin film lithium niobate ("TFLN") foundry, the scale of the purported TFLN foundry, and orders for the company's TFLN chips; (4) QCI's business dealings with 2 entities both qualified as related party transactions; (5) accordingly, QCI's revenues relied, at least in part, on undisclosed related party transactions; (6) all the foregoing, once revealed, was likely to have a significant negative impact on QCI's business and reputation; and (7) as a result, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. THE LEAD PLAINTIFF PROCESS:QCI investors may, no later than April 28, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages QCI investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/quantum-computing-inc?utm_source=PR&utm_medium=link&utm_campaign=qubt&mktm=r ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world.  The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT:Kessler Topaz Meltzer & Check, LLPJonathan Naji, Esq.(484) 270-1453280 King of Prussia RoadRadnor, PA 19087[email protected] May be considered attorney advertising in certain jurisdictions.  Past results do not guarantee future outcomes. SOURCE Kessler Topaz Meltzer & Check, LLP

Related News