QUBT Deadline: Rosen Law Firm Urges Quantum Computing Inc. (NASDAQ: QUBT) Stockholders to Contact the Firm for Information About Their Rights
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds investors that a shareholder filed a class action on behalf of purchasers of securities of Quantum Computing Inc. (NASDAQ: QUBT) between March 30, 2020 and January 15, 2025. Quantum Computing describes itself as an 'American company that purportedly utilizes non-linear quantum optics to deliver quantum products for high-performance computing applications.'
For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.
The Allegations: Rosen Law Firm is Investigating the Allegations that Quantum Computing Inc. (NASDAQ: QUBT) Misled Investors Regarding its Business Operations.
According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) defendants overstated the capabilities of Quantum Computing's quantum computing technologies, products, and/or services; (2) defendants overstated the scope and nature of Quantum Computing's relationship with National Aeronautics and Space Administration ('NASA'), as well as the scope and nature of Quantum Computing's NASA-related contracts and/or subcontracts; (3) defendants overstated Quantum Computing's progress in developing a thin film lithium niobate ('TFLN') foundry, the scale of the purported TFLN foundry, and orders for Quantum Computing's TFLN chips; (4) Quantum Computing's business dealings with Quad M Solutions, Inc. and millionways, Inc. both qualified as related party transactions; (5) accordingly, Quantum Computing's revenues relied, at least in part, on undisclosed related party transactions; (6) all the foregoing, once revealed, was likely to have a significant negative impact on Quantum Computing's business and reputation; and (7) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
What Now: You may be eligible to participate in the class action against Quantum Computing Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by April 28, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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