Core Viewpoint - A class action securities lawsuit has been filed against Quantum Computing Inc. (NASDAQ: QUBT) for alleged securities fraud affecting investors between March 30, 2020, and January 15, 2025 [1][2]. Summary by Relevant Sections Class Definition - The lawsuit aims to recover losses for investors adversely affected by alleged securities fraud during the specified period [1]. Case Details - The complaint alleges that defendants made false statements and/or concealed critical information regarding: - Overstated capabilities of QCI's quantum computing technologies, products, and services [2] - Misrepresentation of the nature and scope of QCI's relationship with NASA and related contracts [2] - Overstated progress in developing a thin film lithium niobate (TFLN) foundry and related orders for TFLN chips [2] - Business dealings with Quad M and millionways classified as related party transactions [2] - Revenues relying on undisclosed related party transactions [2] - Potential significant negative impact on QCI's business and reputation once the truth is revealed [2] - Public statements made by defendants being materially false and misleading [2] Next Steps - Investors who suffered losses during the relevant timeframe have until April 28, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3]. No Cost to Participants - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Why Levi & Korsinsky - The firm has a strong track record in securing compensation for shareholders and has extensive expertise in complex securities litigation, ranking among the top securities litigation firms in the U.S. for seven consecutive years [4].
Levi & Korsinsky Notifies Quantum Computing Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – QUBT