Quantum puting (QUBT) Prnewswire·2025-03-21 00:30Core 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][2]. Allegations Against Defendants - The lawsuit claims that QCI overstated the capabilities of its quantum computing technologies, products, and services [2] - It is alleged that QCI misrepresented the nature and scope of its relationship with NASA, including 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 contributed to its revenue [2] - The lawsuit suggests that the eventual revelation of these issues would significantly harm QCI's business and reputation [2] - Defendants' positive statements about QCI's business were claimed to be materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in QCI can seek to be appointed as lead plaintiffs by April 28, 2025, or remain absent class members [3] - The lead plaintiff represents the interests of all class members and selects counsel to direct the litigation [3] - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3].