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QUBT CLASS ACTION FILED: Kessler Topaz Meltzer & Check, LLP Reminds Investors - a Securities Fraud Class Action Lawsuit Has Been Filed Against Quantum Computing Inc. (QUBT)
Quantum puting Quantum puting (US:QUBT) Prnewswireยท2025-03-30 22:49

Core 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 QCI - 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 its contracts and subcontracts [2]. - The company purportedly exaggerated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its operations related to TFLN chips [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, indicating that the positive statements made by the company lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in QCI have until April 28, 2025, to seek appointment as a lead plaintiff representative for the class, or they may choose to remain absent [3]. - The lead plaintiff will represent all class members in directing the litigation and will select counsel to represent the class [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].