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QUBT ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Notifies Investors of a Class Action Lawsuit Against Quantum Computing Inc. (QUBT)
QUBTQuantum puting (QUBT) GlobeNewswire News Room·2025-03-29 13:25

Core Viewpoint - A securities class action lawsuit has been filed against Quantum Computing Inc. (QCI) for allegedly making false and misleading statements regarding its business operations and financial prospects during the class period from March 30, 2020, to January 15, 2025 [1]. Allegations Against QCI - The complaint claims that QCI overstated the capabilities of its quantum computing technologies, products, and services [3]. - It is alleged that QCI exaggerated its relationship with NASA, including the nature and scope of related contracts and subcontracts [3]. - The company purportedly overstated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its TFLN chip orders [3]. - QCI's business dealings included undisclosed related party transactions, which contributed to its revenue [3]. - The lawsuit suggests that the eventual revelation of these issues would significantly harm QCI's business and reputation [3]. - Positive statements made by QCI regarding its business operations were claimed to be materially misleading and lacked a reasonable basis [3]. Lead Plaintiff Process - Investors in QCI have until April 28, 2025, to seek appointment as a lead plaintiff representative of the class [4]. - A lead plaintiff acts on behalf of all class members and typically has the largest financial interest in the case [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4].