#USA #New York #Levi & Korsinsky #D-Wave Quantum #QBTS

D-Wave Quantum's Securities Class Action: What Investors Must Know

On October 21, 2026, Levi & Korsinsky LLP announced a securities class action lawsuit against D-Wave Quantum Inc. (NYSE: QBTS). This lawsuit is particularly significant for institutional investors as it involves accusations of overstating the company's growth and business prospects prior to a disappointing revenue report and the departure of its Chief Financial Officer (CFO).

Background of the Lawsuit

The class action lawsuit applies to investors who purchased securities in D-Wave between February 26, 2026, and August 25, 2026. Allegations suggest that the company misled shareholders about its growth trajectory, which ultimately led to a sharp decline in stock value. Following the release of second-quarter results on August 6, 2026, which fell short of analyst expectations, and the announcement of the CFO's retirement on August 25, the stock plummeted. This turmoil resulted in substantial losses for institutional investors, with one holding of 100,000 QBTS shares estimating a loss of approximately $383,000.

Deadline for Lead Plaintiff

For those affected, the deadline to act as a lead plaintiff is December 15, 2026. Interested parties are encouraged to evaluate their positions and consider participating in the lawsuit. Joseph E. Levi, Esq. from Levi & Korsinsky emphasizes the importance of institutional involvement in such cases, stating that fiduciaries with exposure to D-Wave should scrutinize their purchases during the class period to seize potential recovery opportunities.

Impact on Institutional Investors

The lawsuit highlights the potentially widespread impact of D-Wave's failed projections across various investment accounts. Quantum computing stocks frequently fall into thematic and small-cap growth categories, making it plausible that losses were recorded across numerous portfolios. Trustees and investment committees responsible for pension funds or endowments are advised to verify if they held D-Wave securities during the specified duration.

Participation and Recovery Options

The class members include institutional investors who acquired D-Wave securities during the class period, even if they no longer hold them. Those investing in QBTS stand to recover losses if they can demonstrate their purchase dates align with the lawsuit’s timeline. Legal counsel from Levi & Korsinsky emphasizes the cost-free initial assessment regarding potential involvement.

Frequently Asked Questions

When did D-Wave allegedly mislead investors?

The class period spans from February 26, 2026, to August 25, 2026, following which the lawsuit was filed in the Northern District of California.

Who are the named defendants?

The complaint implicates D-Wave Quantum Inc. and key executives, including CEO Alan Baratz and former CFO John M. Markovich.

Can former shareholders still participate?

Yes, eligibility is determined by when the shares were purchased and not by current ownership status.

How do I get started?

Contact Levi & Korsinsky for a complimentary review of your trading history to determine potential eligibility for recovery in this class action.

Conclusion

As the December 15 deadline approaches, concerned investors in D-Wave Quantum Inc. should take immediate action to assess their involvement in the class action lawsuit. It's crucial for institutional investors to strategize accordingly, as their fiduciary duties may require careful consideration of participation in response to the alleged misconduct.

For more information, contact Levi & Korsinsky at (212) 363-7500 or via email at [email protected] to discuss your eligibility and recovery options.