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 claims that QCI overstated the capabilities of its quantum computing technologies, products, and services [3]. - It is alleged that QCI misrepresented the nature and scope of its relationship with NASA, including its contracts and subcontracts [3]. - The company is accused of exaggerating its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its TFLN chip orders [3]. - QCI's business dealings with two entities are described as related party transactions, which were not disclosed [3]. - The revenues of QCI are said to have relied, at least in part, on these undisclosed related party transactions [3]. - The lawsuit suggests that the eventual revelation of these facts would likely have a significant negative impact on QCI's business and reputation [3]. - Positive statements made by QCI regarding its business operations and prospects are claimed to be materially misleading and lacking 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 through Kessler Topaz Meltzer & Check, LLP or other counsel [4]. - A lead plaintiff acts on behalf of all class members and is typically the investor or small group of investors with the largest financial interest [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery [4].
Quantum Computing Inc. Investors Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Quantum Computing Inc. Shareholders of Deadline in Securities Fraud Class Action Lawsuit