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Kirby McInerney LLP Urges Investors in Quantum Computing Inc. to Inquire About Their Rights in Class Action Lawsuit
GlobeNewswire News Room· 2025-04-11 00:00
Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. for allegedly misleading investors regarding its technology capabilities, relationships with NASA, and financial reporting during the class period from March 30, 2020, to January 15, 2025 [1][6]. Group 1: Allegations and Reports - Iceberg Research published reports alleging that Quantum's claims about its TFLN foundry and chip orders were fraudulent, citing evidence such as communications with a university professor and photos of the supposed foundry location [3][4]. - A second report from Iceberg noted that Quantum's setup appeared more like a laboratory than a mass production foundry, and highlighted insignificant revenue reported from 2021 to the first nine months of 2024 despite claims of being a NASA subcontractor [4]. - Capybara Research's report accused Quantum of overstating its ties to NASA, fabricating revenues through related-party transactions, and claimed that Quantum's products were fake, leading to a significant drop in stock price [5]. Group 2: Class Action Details - The lawsuit alleges that Quantum's executives overstated the capabilities of its quantum computing technologies, the nature of its relationship with NASA, and the progress on its TFLN foundry [6]. - It is claimed that Quantum concealed related-party transactions that inflated its revenues, which, once revealed, could severely impact the company's business and reputation [6].
Levi & Korsinsky Notifies Shareholders of Quantum Computing Inc.(QUBT) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-04-08 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Quantum Computing Inc. (QUBT) for alleged securities fraud affecting investors between March 30, 2020, and January 15, 2025 [1][2]. Case Details - The lawsuit alleges that defendants made false statements regarding QCI's quantum computing technologies, overstating their capabilities [2] - It is claimed that the defendants misrepresented the nature and scope of QCI's relationship with NASA, including contracts and subcontracts [2] - Allegations include overstating QCI's progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its operations [2] - The complaint suggests that QCI's business dealings with Quad M and millionways were related party transactions, which were not disclosed [2] - It is asserted that QCI's revenues were partially dependent on these undisclosed related party transactions [2] - The lawsuit indicates that the revelations of these issues could significantly harm QCI's business and reputation [2] - Overall, the defendants' public statements are claimed to have been materially false and misleading throughout the relevant period [2] Next Steps - Investors who suffered losses in Quantum Computing Inc. during the specified timeframe have until April 28, 2025, to request to be appointed as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3] Why Levi & Korsinsky - Levi & Korsinsky has a history of securing substantial compensation for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the U.S. [4]
Quantum Computing Inc. (QUBT) Lead Plaintiff Deadline is Quickly Approaching – Contact Robbins LLP to Learn How You Can Serve as Lead Plaintiff for the Class
GlobeNewswire News Room· 2025-04-03 21:52
Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. (QUBT) for allegedly misleading investors regarding its technology capabilities and business dealings, particularly with NASA and related party transactions [1][2]. Allegations - The lawsuit claims that QCI overstated its quantum computing technologies, its relationship with NASA, and the progress of its TFLN foundry [2]. - It is alleged that QCI's revenues were partially based on undisclosed related party transactions, which could significantly harm the company's reputation once revealed [2]. - A report by Capybara Research accused QCI of fabricating revenues and overstating ties to NASA, leading to a significant drop in stock price [3]. Stock Impact - Following the allegations, QCI's stock price fell by $1.72, or 14.89%, closing at $9.83 per share on January 17, 2025 [3]. Class Action Participation - Shareholders interested in participating as lead plaintiffs must file by April 28, 2025, but can remain absent class members without taking action [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5].
Shareholders that lost money on Quantum Computing Inc.(QUBT) should contact The Gross Law Firm about pending Class Action - QUBT
Prnewswire· 2025-04-03 09:45
NEW YORK, April 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT).Shareholders who purchased shares of QUBT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/quantum-computing-inc-loss-submission-form/?id=140397&from=4CLASS PERIOD: March 30 ...
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Quantum Computing Inc. (QUBT)
GlobeNewswire News Room· 2025-04-02 00:00
Core Viewpoint - A securities class action lawsuit has been filed against Quantum Computing Inc. for allegedly making false and misleading statements regarding its technologies, relationships, and financial dealings, which may have significantly impacted its business and reputation [1][2]. Group 1: Allegations Against Quantum Computing - The lawsuit claims that Quantum Computing overstated the capabilities of its quantum computing technologies, products, and services [2]. - It is alleged that the company misrepresented its relationship with NASA and the nature of its contracts with the agency [2]. - The complaint states that Quantum Computing exaggerated its progress in developing a thin film lithium niobate foundry and the scale of its operations [2]. - The company is accused of engaging in undisclosed related party transactions that inflated its revenues [2]. Group 2: Impact of Reports on Stock Price - On December 9, 2024, Iceberg Research published a report questioning the legitimacy of Quantum Computing's foundry claims, leading to a nearly 6% drop in stock price [3]. - Following a report by Capybara Research on January 16, 2025, which labeled Quantum Computing as a fraud, the stock price fell nearly 15% over two trading sessions [4]. Group 3: Legal Proceedings - Investors who acquired shares of Quantum Computing during the class period are encouraged to contact the law firm Gainey McKenna & Egleston before the April 16, 2025 lead plaintiff motion deadline [5].
Quantum Computing Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before April 28, 2025 to Discuss Your Rights – QUBT
GlobeNewswire News Room· 2025-04-01 17:45
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our ...
Quantum Computing Inc. Secures Quantum Photonic Vibrometer Order with Delft University of Technology
Prnewswire· 2025-04-01 12:30
Core Insights - Quantum Computing Inc. (QCi) has received a second purchase order for its LiDAR-based R&D offering from Delft University of Technology, a top-ranked technical university globally [1][2] - The order is for a Quantum Photonic Vibrometer (QPV), which is designed for sensing applications in challenging environments and is particularly suited for Non-Destructive Testing (NDT) and Structural Health Monitoring (SHM) [2][3] - The QPV's advanced photon-counting capabilities and high sensitivity make it a compelling choice for TU Delft's research needs, marking a significant step in integrating quantum sensing technologies into NDT/SHM techniques [3][4] Company Overview - QCi specializes in integrated photonics and quantum optics technology, providing accessible quantum machines that operate at room temperature and low power [8] - The company's product portfolio includes technologies for high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [8] Collaboration and Development - Assistant Professor Vahid Yaghoubi from TU Delft is leading the evaluation of the QPV, benchmarking it against classical vibrometers to validate its performance [4][5] - Associate Professor Nathan Eskue from TU Delft has joined QCi to test and deploy the QPV as part of planned collaborations, contributing to research on Industry 5.0 [6] Market Demand - The order from TU Delft follows a previous purchase by John Hopkins University for QCi's Scanning LiDAR, indicating a growing demand for advanced non-destructive testing technologies [7]
Class Action Filed Against Quantum Computing Inc. (QUBT) - April 28, 2025 Deadline to Join – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-03-31 17:11
NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT). https://securitiesclasslaw.com/securities/quantum-computing-inc-loss-submission-form/?id=139436&from=3 CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903 CLASS PERIOD: March 30, 2020 to January 15, 2025 DEADLINE: April 28, 2025 Shareholders should not delay in registering for t ...
Shareholders that lost money on Quantum Computing Inc.(QUBT) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2025-03-31 09:45
Core Viewpoint - Quantum Computing Inc. (QCI) is facing allegations of issuing materially false and misleading statements regarding its quantum computing technologies, relationships with NASA, and business dealings, which may have led to inflated stock prices during the class period from March 30, 2020, to January 15, 2025 [2]. Group 1: Allegations - Defendants allegedly overstated the capabilities of QCI's quantum computing technologies, products, and services [2]. - The nature and scope of QCI's relationship with NASA, including contracts and subcontracts, were also overstated [2]. - Claims regarding QCI's progress in developing a thin film lithium niobate (TFLN) foundry and related orders for TFLN chips were allegedly exaggerated [2]. - Business dealings with Quad M and millionways were classified as related party transactions, which were not disclosed [2]. - QCI's revenues were reportedly reliant on undisclosed related party transactions [2]. - The revelations of these issues are likely to have a significant negative impact on QCI's business and reputation [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Class Action Details - Shareholders who purchased QUBT shares during the class period are encouraged to register for the class action by April 28, 2025 [3]. - Registration allows shareholders to receive updates through portfolio monitoring software regarding the case's status [3]. - There is no cost or obligation for shareholders to participate in the case [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].
Class Action Filed Against Quantum Computing Inc. (QUBT) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2025-03-24 09:45
NEW YORK, March 24, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT).Shareholders who purchased shares of QUBT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/quantum-computing-inc-loss-submission-form/?id=137701&from=4 CLASS PERIOD: March ...