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 INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Quantum Computing Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit