Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Quantum Computing Inc. (QUBT)

Core Viewpoint - A securities class action lawsuit has been filed against Quantum Computing Inc. for allegedly making false and misleading statements regarding its technologies, relationships, and financial dealings, which may have significantly impacted its business and reputation [1][2]. Group 1: Allegations Against Quantum Computing - The lawsuit claims that Quantum Computing overstated the capabilities of its quantum computing technologies, products, and services [2]. - It is alleged that the company misrepresented its relationship with NASA and the nature of its contracts with the agency [2]. - The complaint states that Quantum Computing exaggerated its progress in developing a thin film lithium niobate foundry and the scale of its operations [2]. - The company is accused of engaging in undisclosed related party transactions that inflated its revenues [2]. Group 2: Impact of Reports on Stock Price - On December 9, 2024, Iceberg Research published a report questioning the legitimacy of Quantum Computing's foundry claims, leading to a nearly 6% drop in stock price [3]. - Following a report by Capybara Research on January 16, 2025, which labeled Quantum Computing as a fraud, the stock price fell nearly 15% over two trading sessions [4]. Group 3: Legal Proceedings - Investors who acquired shares of Quantum Computing during the class period are encouraged to contact the law firm Gainey McKenna & Egleston before the April 16, 2025 lead plaintiff motion deadline [5].