Quantum puting (US:QUBT) Prnewswireยท2025-03-31 09:45Core Viewpoint - Quantum Computing Inc. (QCI) is facing allegations of issuing materially false and misleading statements regarding its quantum computing technologies, relationships with NASA, and business dealings, which may have led to inflated stock prices during the class period from March 30, 2020, to January 15, 2025 [2]. Group 1: Allegations - Defendants allegedly overstated the capabilities of QCI's quantum computing technologies, products, and services [2]. - The nature and scope of QCI's relationship with NASA, including contracts and subcontracts, were also overstated [2]. - Claims regarding QCI's progress in developing a thin film lithium niobate (TFLN) foundry and related orders for TFLN chips were allegedly exaggerated [2]. - Business dealings with Quad M and millionways were classified as related party transactions, which were not disclosed [2]. - QCI's revenues were reportedly reliant on undisclosed related party transactions [2]. - The revelations of these issues are likely to have a significant negative impact on QCI's business and reputation [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Class Action Details - Shareholders who purchased QUBT shares during the class period are encouraged to register for the class action by April 28, 2025 [3]. - Registration allows shareholders to receive updates through portfolio monitoring software regarding the case's status [3]. - There is no cost or obligation for shareholders to participate in the case [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].