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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
QUBTQuantum puting (QUBT) 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]