#USA #New York #Quantum Computing #Securities Class Action #L&K Law

Levi & Korsinsky Files Class Action for Shareholders of Quantum Computing Inc. (QUBT)

In a significant move for investors, Levi & Korsinsky LLP has announced the filing of a class action lawsuit aimed at representing shareholders of Quantum Computing Inc. (NASDAQ: QUBT). This lawsuit comes in response to allegations of securities fraud and aims to recover losses suffered by investors during a specific timeframe.

The period in focus stretches from March 30, 2020, to January 15, 2025. According to the filed complaint, the defendants are accused of making multiple false statements and concealing essential information regarding the company’s capabilities and its partnerships. Notably, it is claimed that Quantum Computing Inc. overstated its quantum computing technologies, products, and services. Furthermore, the lawsuit details that the company allegedly misrepresented its collaborations with NASA, including the scope and nature of related contracts.

Additionally, the complaint points towards inflated claims regarding the development of the company's thin film lithium niobate (TFLN) foundry. Allegedly, there were exaggerated assertions related to the scale of this foundry and the orders concerning the company's TFLN chips. The relationship dynamics with Quad M and Millionways were also called into question, being categorized as related party transactions that were not disclosed to the shareholders, impacting the credibility of the company's revenue streams.

As the lawsuit unfolds, it highlights how these alleged misrepresentations could have severe repercussions on Quantum Computing Inc.'s business and reputation once these misleading facts were exposed. The implications of this case are not just financial; they delve into the ethics of corporate governance and transparency in communications with investors.

What’s Next for Affected Investors?

Investors who believe they were impacted by these alleged actions have a window until April 28, 2025, to request the court appoint them as lead plaintiffs. Notably, it is crucial to understand that participation in the case does not necessitate serving as a lead plaintiff to share in any potential financial recovery from the lawsuit.

No Cost to Participate

One of the critical aspects of this class action is that it is essentially risk-free for class members. If you qualify as a shareholder under the defined parameters, you may be entitled to compensation without facing any upfront costs. This principle of no cost to participants underscores Levi & Korsinsky's mission to advocate for investors and ensure they can seek justice without financial burden.

Why Levi & Korsinsky?

For over two decades, Levi & Korsinsky has built a solid track record in securities litigation. With a dedicated team comprising over 70 professionals, the firm has successfully secured hundreds of millions of dollars for wronged shareholders. In fact, it has been recognized in the ISS Securities Class Action Services' Top 50 Report as one of the leading securities litigation firms in the United States for seven consecutive years.

Contact Information

Affected shareholders and interested parties can reach out to Joseph E. Levi, Esq., via email at [email protected] or call (212) 363-7500 for more information. The law firm is located at 33 Whitehall Street, 17th Floor, New York, NY 10004.

As the legal proceedings initiate, this represents a crucial juncture for shareholders of Quantum Computing Inc., marking a fight for accountability in corporate practices. Investors affected by the alleged actions of the company are encouraged to stay informed and consider their options within this legal landscape.