Quantum puting (QUBT) Prnewswire·2025-03-25 20:47Core 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 complaint alleges that QCI overstated the capabilities of its quantum computing technologies, products, and services [2] - It is claimed that QCI exaggerated the nature and scope of its relationship with NASA, including contracts and subcontracts [2] - The company allegedly overstated 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 revelations of these issues are expected to have a significant negative impact on QCI's business and reputation [2] - Defendants' positive statements about QCI's business were deemed materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in QCI can seek to be appointed as lead plaintiff representatives by April 28, 2025, or may choose to remain absent class members [3] - The lead plaintiff will represent all class members in directing the litigation and selecting counsel [3] - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].