Quantum puting (QUBT) Prnewswire·2025-04-19 23:15Core Viewpoint - A securities class action lawsuit has been filed against Quantum Computing Inc. (QCI) for allegedly making false and misleading statements regarding its business operations and financial prospects during the class period from March 30, 2020, to January 15, 2025 [1]. Group 1: Allegations Against QCI - The complaint alleges that QCI overstated the capabilities of its quantum computing technologies, products, and services [3]. - QCI is accused of exaggerating its relationship with NASA and the nature of its related contracts [3]. - The company allegedly misrepresented its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its TFLN chip orders [3]. - QCI's business dealings included undisclosed related party transactions, which contributed to its revenue [3]. - The lawsuit claims that the misleading statements made by QCI were likely to have a significant negative impact on its business and reputation once revealed [3]. Group 2: Lead Plaintiff Process - Investors in QCI can seek to be appointed as lead plaintiffs by April 28, 2025, through Kessler Topaz Meltzer & Check, LLP or other counsel [4]. - A lead plaintiff represents the interests of all class members and typically has the largest financial stake in the case [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4].