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QUBT SHAREHOLDER ALERT: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Quantum Computing Inc. (QUBT)
QUBTQuantum puting (QUBT) Prnewswire·2025-04-05 21:06

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]. Allegations Against Defendants - The complaint alleges that QCI overstated the capabilities of its quantum computing technologies, products, and services [2]. - It is claimed that QCI exaggerated the nature and scope of its relationship with NASA, including its contracts and subcontracts [2]. - The company allegedly overstated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its TFLN chip orders [2]. - QCI's business dealings included undisclosed related party transactions, which contributed to its revenue [2]. - The lawsuit suggests that the revelations of these issues would likely have a significant negative impact on QCI's business and reputation [2]. - Defendants' positive statements about QCI's business were deemed materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in QCI have until April 28, 2025, to seek appointment as a lead plaintiff representative of the class [3]. - A lead plaintiff acts on behalf of all class members and selects counsel to represent the class [3]. - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages QCI investors who have suffered losses to contact them for more information [4].