Quantum(QMCO) Prnewswire·2025-03-15 22:00Core Viewpoint - A securities class action lawsuit has been filed against Quantum Computing Inc. (QCI) for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from March 30, 2020, to January 15, 2025 [1]. Allegations Against Defendants - The complaint alleges that QCI overstated the capabilities of its quantum computing technologies, products, and services [2]. - It is claimed that QCI misrepresented the nature and scope of its relationship with NASA, including its contracts and subcontracts [2]. - The company is accused of exaggerating its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its TFLN chip orders [2]. - QCI's business dealings included undisclosed related party transactions, which allegedly impacted its revenue [2]. - The lawsuit suggests that the revelations of these issues could significantly harm QCI's business and reputation [2]. - Overall, the positive statements made by QCI regarding its business were deemed materially misleading and lacking a reasonable basis [2]. Lead Plaintiff Process - Investors in QCI have until April 28, 2025, to seek appointment as a lead plaintiff representative of the class [3]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3].