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QUBT Investors Have Opportunity to Lead Quantum Computing Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-02-28 20:03
Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its technology capabilities and business relationships [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to Quantum Computing's securities purchased between March 30, 2020, and January 15, 2025, encouraging affected investors to contact the Schall Law Firm before April 28, 2025 [2]. - The class action has not yet been certified, meaning potential class members are not currently represented by an attorney [3]. Group 2: Allegations Against the Company - Quantum Computing is accused of overstating its technological capabilities and the extent of its relationship with NASA, including exaggerating contracts and progress in developing a thin film lithium niobate (TFLN) foundry [4]. - The company allegedly relied on undisclosed related party transactions for revenue, which contributed to misleading public statements throughout the class period [4].
Shareholders that lost money on Quantum Computing Inc.(QUBT) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
Prnewswire· 2025-02-28 10:45
Core Viewpoint - A class action securities lawsuit has been filed against Quantum Computing Inc. (QUBT) alleging securities fraud that affected investors between March 30, 2020, and January 15, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that defendants overstated the capabilities of QCI's quantum computing technologies, products, and services [2] - It is alleged that defendants misrepresented the nature and scope of QCI's relationship with NASA, including contracts and subcontracts [2] - The complaint asserts that QCI's progress in developing a thin film lithium niobate (TFLN) foundry was exaggerated, along with the scale of the foundry and orders for TFLN chips [2] - QCI's business dealings with Quad M and millionways are claimed to be related party transactions, which were not disclosed [2] - The lawsuit suggests that QCI's revenues were partially dependent on these undisclosed related party transactions [2] - The revelations of these issues are expected to have a significant negative impact on QCI's business and reputation [2] - As a result, the public statements made by defendants were materially false and misleading throughout the relevant period [2] Group 2: Legal Process and Participation - Investors who suffered losses in Quantum Computing Inc. during the specified timeframe have until April 28, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
QUBT INVESTOR ALERT: Quantum Computing Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-02-27 11:14
Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. for alleged violations of the Securities Exchange Act of 1934, with a deadline for lead plaintiff applications set for April 28, 2025 [1][3]. Summary by Relevant Sections Class Action Details - The lawsuit, titled Cohen v. Quantum Computing Inc., involves purchasers of Quantum Computing securities from March 30, 2020, to January 15, 2025 [1]. - Investors who suffered substantial losses during this period can seek to be appointed as lead plaintiff [2][6]. Allegations Against Quantum Computing - The lawsuit alleges that Quantum Computing and its executives made false or misleading statements regarding: - The capabilities of its quantum computing technologies and products [3]. - The nature of its relationship with NASA and related contracts [3]. - The development and scale of its thin film lithium niobate (TFLN) foundry [3]. - Business dealings with Quad M Solutions, Inc. and millionways, Inc. as related party transactions [3]. - Overall, these misrepresentations are claimed to have negatively impacted Quantum Computing's business and reputation once revealed [3]. Impact of Reports on Stock Price - On December 9, 2024, a report by Iceberg Research suggested that Quantum Computing's foundry setup was more akin to a laboratory, leading to a nearly 6% drop in stock price [4]. - Following a January 16, 2025 report by Capybara Research, which labeled Quantum Computing as a "rampant fraud," the stock price fell nearly 15% over two trading sessions [5]. Legal Process for Lead Plaintiff - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Quantum Computing securities during the class period to seek lead plaintiff status [6]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [6]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases [7][8]. - The firm has been recognized for securing significant monetary relief for investors, including the largest recovery in history of $7.2 billion in the Enron case [8].
QUBT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Quantum Computing Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
GlobeNewswire News Room· 2025-02-26 21:00
Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. (QCI) and certain officers for alleged violations of federal securities laws, claiming that the company made materially false and misleading statements regarding its business and operations [1][2][3]. Class Definition - The lawsuit seeks to recover damages for all individuals and entities that purchased or acquired QCI securities between March 30, 2020, and January 15, 2025, inclusive [2]. Case Details - The complaint alleges that QCI's executives overstated the capabilities of its quantum computing technologies and products [3] - It is claimed that the company exaggerated its relationship with NASA and the nature of its contracts with the agency [3] - Allegations include overstating progress in developing a TFLN foundry and the scale of orders for TFLN chips [3] - The lawsuit also points out undisclosed related party transactions that may have inflated QCI's revenues [3] - The revelations from the lawsuit are expected to negatively impact QCI's business and reputation [3] Next Steps - Investors who suffered losses in QCI have until April 28, 2025, to request to be appointed as lead plaintiff in the case [4]. Legal Representation - The law firm Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5][6].
QUBT Investors Have Opportunity to Lead Quantum Computing Inc. Securities Fraud Lawsuit
Prnewswire· 2025-02-26 20:49
Core Viewpoint - Rosen Law Firm has announced the filing of a class action lawsuit on behalf of purchasers of Quantum Computing Inc. securities between March 30, 2020, and January 15, 2025, due to alleged misleading statements and undisclosed information regarding the company's operations and relationships [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Quantum Computing Inc. overstated its technological capabilities and relationships with NASA, as well as its progress in developing a thin film lithium niobate foundry [5]. - Allegations include that Quantum Computing's revenues were partially reliant on undisclosed related party transactions, which could negatively impact the company's business and reputation once revealed [5]. - Investors who purchased securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must move the Court by April 28, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Quantum Computing Inc. (QUBT) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
GlobeNewswire News Room· 2025-02-26 15:46
Core Viewpoint - A shareholder class action lawsuit has been filed against Quantum Computing Inc. alleging that the company made materially false and misleading statements regarding its business operations and prospects [1] Summary by Relevant Sections Allegations Against Quantum Computing Inc. - The lawsuit claims that the defendants overstated the capabilities of QCI's quantum computing technologies, products, and services [1] - It is alleged that the defendants exaggerated the nature and scope of QCI's relationship with NASA, including contracts and subcontracts [1] - The progress in developing a thin film lithium niobate (TFLN) foundry was reportedly overstated, along with the scale of the foundry and orders for TFLN chips [1] - Business dealings with Quad M Solutions, Inc. and millionways, Inc. are claimed to qualify as related party transactions [1] - QCI's revenues are said to have relied, at least in part, on undisclosed related party transactions [1] - The revelations from the lawsuit are likely to have a significant negative impact on QCI's business and reputation [1] Legal Information - Shareholders who purchased QCI shares between March 30, 2020, and January 15, 2025, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline to request to be appointed lead plaintiff in the case is April 28, 2025 [3]
BREAKING: Quantum Computing Inc. Sued For Securities Fraud; Investors Should Contact Block & Leviton to Potentially Recover Losses
Newsfilter· 2025-02-25 17:59
Core Viewpoint - A securities fraud lawsuit has been filed against Quantum Computing Inc. and certain executives, alleging misleading statements regarding the company's technology and business dealings [1][2]. Group 1: Allegations of the Lawsuit - The lawsuit claims that defendants overstated the capabilities of Quantum Computing Inc.'s quantum computing technologies, products, and services [2]. - It is alleged that the defendants misrepresented the nature and scope of Quantum Computing Inc.'s relationship with NASA, including contracts and subcontracts [2]. - The lawsuit also states that the progress in developing a TFLN foundry and the scale of purported TFLN foundry orders were overstated [2]. - Business dealings with Quad M and millionways are claimed to be related party transactions, which were not disclosed [2]. - The revenues of Quantum Computing Inc. are said to have relied, at least in part, on undisclosed related party transactions [2]. - The revelations from the lawsuit are expected to have a significant negative impact on Quantum Computing Inc.'s business and reputation [2]. - The public statements made by the defendants are characterized as materially false and misleading throughout the relevant period [2]. Group 2: Eligibility and Actions for Investors - Investors who purchased Quantum Computing Inc. common stock between March 30, 2020, and January 15, 2025, and have experienced a decline in share value may be eligible to participate in the lawsuit [3]. - The deadline for seeking appointment as lead plaintiff is April 28, 2025, and a class has not yet been certified [4]. - Investors are encouraged to contact Block & Leviton for more information regarding their potential claims [4]. Group 3: Whistleblower Information - Individuals with non-public information about Quantum Computing Inc. are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program [5]. - Whistleblowers providing original information may receive rewards of up to 30% of any successful recovery [5]. Group 4: About Block & Leviton - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors [6]. - The firm is dedicated to obtaining significant recoveries for clients through active litigation in federal courts [6].
Quantum Computing, Inc. Secures Fifth Purchase Order for TFLN Foundry and Previews PDK on a Commercial Platform
Prnewswire· 2025-01-28 13:30
Core Insights - Quantum Computing Inc. (QCi) has received a fifth purchase order for its thin film lithium niobate (TFLN) photonic chip foundry from a Canadian research group, indicating strong demand for its technology [1][2] - The order includes custom test structures based on QCi's TFLN photonic integrated circuit (PIC) chip technology, which are crucial for advanced designs in quantum photonics [2][3] - QCi's recent launch of its PIC Process Design Kit (PDK) on GDSFactory's platform enhances the design and manufacturing process for customers, streamlining access to its foundry services [3][4] Company Developments - QCi's new U.S.-based chip foundry in Tempe, Arizona, is set to begin operations later this quarter, focusing on manufacturing TFLN-based PICs and nanophotonic devices, which will strengthen its market position [5] - The company has secured multiple pre-orders through its Pilot Launch Program, including collaborations with a European technical university and a Canadian PIC design house, showcasing its growing partnerships [5] - QCi plans to introduce its PDK at SPIE Photonics West 2025, further promoting its technology and services within the photonics market [4] Industry Context - The increasing demand for TFLN technology highlights its energy efficiency and scalability, positioning QCi to address real-world challenges in next-generation photonics and quantum technologies [3] - The availability of QCi's PDK through additional service providers over the next two years will enhance accessibility for customers in the photonics market, indicating a strategic move to capture a larger market share [4]
Quantum Computing Inc. INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by Quantum Computing Inc. (QUBT)
ACCESSWIRE Newsroom· 2025-01-17 14:45
Core Viewpoint - Quantum Computing Inc. is under investigation by Levi & Korsinsky for potential securities fraud, raising concerns about the company's financial practices and disclosures [1] Company Summary - The investigation focuses on whether Quantum Computing Inc. misled investors regarding its financial health and operational performance [1] - The company has been involved in the quantum computing sector, which is characterized by rapid technological advancements and significant investment interest [1] Industry Summary - The quantum computing industry is experiencing heightened scrutiny as companies navigate complex regulatory environments and investor expectations [1] - Potential securities fraud cases in the industry could impact investor confidence and market dynamics, particularly for emerging technology firms [1]
Lost Money on Quantum Computing Inc. (QUBT)? You May Have Been Affected by Fraud - Contact Levi & Korsinsky
ACCESSWIRE Newsroom· 2025-01-17 14:45
Core Viewpoint - The article discusses potential fraud affecting investors in Quantum Computing Inc. (QUBT), suggesting that those who lost money may have been victims of fraudulent activities [1] Group 1 - Quantum Computing Inc. (QUBT) has been under scrutiny for possible fraudulent actions that may have impacted investors [1] - The article encourages affected investors to contact Levi & Korsinsky for assistance, indicating a legal avenue for those who believe they have been defrauded [1]