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Johnson Fistel Investigates Quantum Computing: Long-Term Investors Encouraged to Reach Out
GlobeNewswire News Room· 2025-06-03 19:56
Core Viewpoint - Johnson Fistel, PLLP is investigating potential breaches of fiduciary duties by directors and officers of Quantum Computing Inc. (QCI), focusing on their obligations to shareholders [1]. Group 1: Legal Investigation - A class action complaint has been filed against QCI, alleging that the defendants made false and misleading statements regarding the company's quantum computing technologies and relationships with NASA [3]. - The complaint claims that QCI overstated its technological capabilities, the nature of its contracts with NASA, and its progress in developing a TFLN foundry [3]. - It is alleged that QCI's revenues were partially based on undisclosed related party transactions, which could significantly harm the company's business and reputation once revealed [3]. Group 2: Shareholder Rights - Current long-term QCI shareholders may have legal claims that can be brought against the company's directors and officers [2]. - Shareholders interested in discussing their legal rights are encouraged to contact the lead analyst at Johnson Fistel [2].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of April 28, 2025 in Quantum Computing Inc. Lawsuit - QUBT
Prnewswire· 2025-04-28 09:45
Core 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]. Allegations Summary - 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 operations related to TFLN chips [1]. - QCI's business dealings with Quad M and millionways are described as related party transactions, which were not disclosed [1]. - The revenues of QCI are said to have relied, at least in part, on these 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 are characterized as materially false and misleading throughout the relevant period [1]. Next Steps for Shareholders - Shareholders who purchased QUBT shares during the specified class period are encouraged to register for the class action by the deadline of April 28, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. - There is no cost or obligation for shareholders to participate in this case [2].