1. Class action lawsuit filed over alleged securities fraud against QUBT. 2. Investors claim QCI overstated technology capabilities and NASA contracts. 3. Case covers period from March 30, 2020, to January 15, 2025. 4. Potential negative impact on QUBT's business and reputation reported. 5. Investors have until April 28, 2025, to join the lawsuit.
The allegations of fraud could severely damage QUBT's credibility and stock price, similar to past cases like Tesla's misleading statements in 2018 which resulted in significant market reactions. Given the extent of claims regarding overstatements, this could undermine investor trust.
The ongoing class action lawsuit directly pertains to QUBT's operational and financial integrity, which is crucial to stock valuation. Given the evidence cited in the lawsuit, it raises serious concerns about future performance, making it critical for investors.
The lawsuit and its associated fallout are likely to push QUBT's stock down quickly as investor sentiment remains fragile in the wake of fraud allegations. Historically, such incidents lead to immediate market reactions as seen with companies face similar situations.
/PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Quantum Computing Inc. ("Quantum Computing Inc." or the "Company") (NASDAQ: QUBT) of a class action securities lawsuit.
The lawsuit seeks to recover losses on behalf of Quantum Computing Inc. investors who were adversely affected by alleged securities fraud between March 30, 2020 and January 15, 2025. Follow the link below to get more information and be contacted by a member of our team:
Quantum Computing Inc. Lawsuit Submission Form
QUBT investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The filed complaint alleges that defendants made false statements and/or concealed that:
If you suffered a loss in Quantum Computing Inc. during the relevant time frame, you have until April 28, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com