#USA #New York #Class Action #QUBT #Quantum Computing Inc

Quantum Computing Inc. Class Action Lawsuit Update

The Gross Law Firm has issued an important notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT), a publicly held company involved in the development of quantum computing technologies. This notice pertains to a pending class action lawsuit, the details of which are crucial for shareholders who have purchased shares during a specified period.

Key Information on the Class Action

The class action suit concerns events that occurred between March 30, 2020, and January 15, 2025. During this timeframe, the allegations suggest that Quantum Computing Inc. and its executives may have misrepresented the capabilities and progress of their quantum computing technologies, products, and services. Specific allegations include:
1. Inflated Technological Claims: The complaint states that the company issued materially false and/or misleading statements about its quantum computing capabilities, overstating what their technology could achieve.
2. Misleading Relationships with NASA: Allegations expand to the nature of Quantum Computing’s association with NASA. It claims that the company exaggerated its collaborations and contracts with this prestigious agency, raising serious questions about their credibility.
3. Developmental Overstatements: The legal action accuses Quantum Computing of overstating their progress on a thin film lithium niobate (TFLN) foundry, which may have provided misleading insights into the company's operational status.
4. Related Party Transactions: Concerns are also raised about undisclosed related party transactions linked to QCI’s dealings with companies like Quad M and Million Ways. These aspects could underscore a lack of transparency in QCI’s business operations.
5. Impact on Shareholder Value: Once this information came to light, it likely harmed the company’s business reputation and, consequently, the value of its shares. As a result, potential shareholders may have suffered financial losses due to these misleading statements.

Deadline Information

For shareholders looking to be part of this class action, it is vital to register their information by the deadline of April 28, 2025. Registration allows shareholders to be updated on the case’s progress and participate in recovery efforts if they qualify.

Steps for Investors

Investors who purchased shares of QUBT during the mentioned period are encouraged to reach out to The Gross Law Firm to discuss potential involvement in the suit. Being appointed as lead plaintiff is not a requirement to partake in recovery, thus making it accessible for all affected shareholders. Shareholders are advised to act promptly as delays could hinder their participation.

Once registered, investors will benefit from portfolio monitoring services to provide updates throughout the lifecycle of this class action.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized for its commitment to protecting shareholders' rights and holding corporations accountable for deceptive practices. Throughout this lawsuit process, The Gross Law Firm aims to ensure that corporate interests do not come before the welfare of public investors. The firm believes in advocating for transparency and ethical conduct in business practices, essential for maintaining investor confidence in the long run.

Shareholders desiring to engage with The Gross Law Firm can contact them via their website or by using the following contact methods:

• - Email: [email protected]
• - Phone: (646) 453-8903
• - Address: 15 West 38th Street, 12th Floor, New York, NY 10018

In closing, the ongoing class action presents a significant opportunity for shareholders of Quantum Computing Inc. to assert their rights following potentially damaging corporate conduct. Staying informed and proactive is essential for affected investors as they navigate this complex legal landscape.