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Gross Law Firm Issues Notice to Quantum Computing Inc. Investors

The Gross Law Firm has recently circulated a notice to investors of Quantum Computing Inc., trading under the NASDAQ symbol QUBT, regarding an impending class action lawsuit. This legal action aims to address grievances from shareholders who have invested in QUBT shares during a specified class period. Notably, it is critical for affected shareholders to be aware of the approaching deadline to appoint a lead plaintiff, which is set for April 28, 2025.

Overview of the Class Action

The class period identified for the lawsuit spans from March 30, 2020, to January 15, 2025. During this time, shareholders who acquired shares of Quantum Computing Inc. are encouraged to reach out to the Gross Law Firm for potential inclusion in the lead plaintiff roles. However, it is important to note that being appointed as a lead plaintiff is not a prerequisite to participating in any financial recovery from the case.

Allegations Against Quantum Computing Inc.

The allegations outlined in the complaint indicate that Quantum Computing Inc. misled investors regarding various aspects of its operations. Among the major points raised are claims that:
1. Overstatement of Capabilities: Defendants allegedly exaggerated the technical capabilities of Quantum Computing Inc.’s quantum computing technologies, products, and services.
2. Misrepresentation of Relationships with NASA: There are accusations that the nature of QCI's connections with NASA has been overstated, including the details of contracts and subcontracts.
3. Development Overstatements: Reports assert that the company misrepresented its development progress concerning its thin film lithium niobate (TFLN) manufacturing facility and the demand for its TFLN chips.
4. Business Dealings with Quad M and millionways: The lawsuit calls attention to business transactions involving related parties that were not disclosed adequately to shareholders.
5. Impact on Revenues: It suggests that a significant part of QCI's revenue was contingent on undisclosed relationships, which once uncovered, could harm its financial health and public image.

Next Steps for Investors

Shareholders who fall within the outlined class period are strongly encouraged to register their investments through the Gross Law Firm's online portal. Following registration, investors will gain access to portfolio monitoring tools designed to keep them informed about the case's evolution. This means that no participation fees will be charged, and shareholders do not bear any obligation to pursue the case if they choose not to do so.

The firm aims to ensure that all investors are cognizant of their rights and potential remedies available under the law, particularly when false information undermines the integrity of their investments.

Why Choose Gross Law Firm?

The Gross Law Firm prides itself on its status as a nationally recognized entity, dedicated to advocating for investors' rights against deceitful, fraudulent, or illegal corporate practices. Their mission focuses on holding companies accountable, with an emphasis on responsible business behaviors and corporate ethics.

If you have been affected by your investments in Quantum Computing Inc. and wish to know more about participating in the class action lawsuit, you can reach out to the Gross Law Firm directly via their contact details provided in their announcement.

For further assistance or to begin the registration process, shareholders can utilize the dedicated link provided in the notice and ensure they do not miss the critical deadline of April 28, 2025.

Contact Information:
Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Email: contact@grosslawfirm.com
Phone: (646) 453-8903

Remember, your involvement could be crucial in seeking the justice and financial recovery you deserve.