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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].
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].
Deadline Alert: Quantum Computing Inc. (QUBT) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Globenewswire· 2025-03-07 17:00
Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. (QCI) for allegedly making materially false and misleading statements regarding its business operations and financial performance during the class period from March 30, 2020, to January 15, 2025 [1][5]. Group 1: Allegations and Impact - Iceberg Research published a report on November 27, 2024, claiming that QCI's statements about its thin film lithium niobate (TFLN) foundry and related purchase orders were deceptive, leading to a stock price drop of $0.46 (5.8%) to close at $7.47 on December 9, 2024 [2]. - A subsequent report by Capybara Research on January 16, 2025, alleged that QCI overstated its relationship with NASA and fabricated revenues through related-party transactions, causing the stock price to fall by $1.72 (14.9%) to close at $9.83 on January 17, 2025 [3][4]. Group 2: Details of the Lawsuit - The lawsuit claims that QCI's executives made false statements about the company's quantum computing technologies, overstated its relationship with NASA, and misrepresented the status of its TFLN foundry and related orders [5]. - It is alleged that QCI's revenues were partially based on undisclosed related-party transactions, which, when revealed, would significantly harm the company's business and reputation [5]. Group 3: Legal Proceedings - Investors who purchased QCI securities during the class period have until April 28, 2025, to file a lead plaintiff motion in the class action lawsuit [1][6].