1. Pomerantz LLP investigates claims of potential securities fraud against QUBT. 2. Capybara Research alleged QUBT overstated ties to NASA and misrepresented its facilities. 3. QUBT's stock dropped 14.89% following allegations from Capybara Research.
Ongoing investigations and allegations can decrease investor confidence, similar to past cases.
The potential fraud investigation is significant for QUBT's market perception and future performance.
Immediate backlash from allegations could impact QUBT stock in the short term.
NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Quantum Computing, Inc. ("Quantum Computing" or the "Company") (NASDAQ: QUBT). Such investors are advised to contact Danielle Peyton at dp@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Quantum Computing and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On January 16, 2025, Capybara Research ("Capybara" or the "Company") published a report alleging that Quantum Computing has overstated its ties to NASA, fabricated revenues through related-party transactions, and misrepresented a manufacturing facility that Capybara claims is merely a small R&D lab as a fully operational foundry.
On this news, Quantum Computing's stock price fell $1.72 per share, or 14.89%, over the following two trading sessions, to close at $9.83 per share on January 17, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT: Danielle Peyton
Pomerantz LLP
dp@pomlaw.com
646-581-9980 ext. 7980
SOURCE Pomerantz LLP