Quantum puting (US:QUBT) Prnewswireยท2025-03-28 09:45Core Viewpoint - A class action securities lawsuit has been filed against Quantum Computing Inc. (NASDAQ: QUBT) alleging securities fraud that affected investors between March 30, 2020, and January 15, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that defendants overstated the capabilities of Quantum Computing Inc.'s quantum computing technologies, products, and services [2]. - It is alleged that the defendants misrepresented the nature and scope of Quantum Computing Inc.'s relationship with NASA, including contracts and subcontracts [2]. - The complaint asserts that the company exaggerated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its purported TFLN foundry and orders for TFLN chips [2]. - The business dealings with Quad M and millionways are claimed to be related party transactions, which were not disclosed [2]. - The lawsuit suggests that Quantum Computing Inc.'s revenues were partially dependent on undisclosed related party transactions, which could significantly harm the company's business and reputation once revealed [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until April 28, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].