Quantum(QMCO) Prnewswire·2025-04-21 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT) regarding a class action lawsuit alleging that the company made materially false and misleading statements about its technologies, relationships, and business dealings [1][2]. Group 1: Allegations Against Quantum Computing Inc. - The complaint alleges that QCI overstated the capabilities of its quantum computing technologies, products, and services [1]. - It is claimed that QCI exaggerated the nature and scope of its relationship with NASA, including contracts and subcontracts [1]. - The company allegedly overstated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its purported TFLN foundry [1]. - QCI's business dealings with Quad M and millionways are said to qualify as related party transactions, which were not disclosed [1]. - The revenues of QCI were reportedly reliant, at least in part, on undisclosed related party transactions [1]. - The revelations of these issues are likely to have a significant negative impact on QCI's business and reputation [1]. - The public statements made by the defendants were materially false and misleading at all relevant times [1]. Group 2: Class Action Details - Shareholders who purchased QUBT shares during the class period from March 30, 2020, to January 15, 2025, are encouraged to register for the class action [1][2]. - The deadline for shareholders to seek lead plaintiff status is April 28, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that led to artificial inflation of stock prices [3].