#United States #Kessler Topaz #Quantum Computing #Securities Fraud #Radnor

Quantum Computing Inc. Under Legal Scrutiny for Alleged Securities Fraud

In recent news, a significant class action lawsuit has been filed against Quantum Computing Inc. (NASDAQ: QUBT), with allegations of misleading statements and failure to disclose crucial business information. This lawsuit has been initiated by the law firm Kessler Topaz Meltzer & Check, LLP, representing investors who acquired shares between March 30, 2020, and January 15, 2025. The lead plaintiff deadline has been set for April 28, 2025.

Allegations Against Quantum Computing Inc.

According to the complaint, Quantum Computing Inc. (QCI) is accused of making numerous false and misleading statements about its business operations, particularly in relation to its quantum computing technologies and collaborations. Specific allegations include:

1. Overstated Capabilities: Claims were made that QCI exaggerated the capabilities of its quantum computing technologies and related products or services.
2. Misrepresentation of Partnerships: The nature and extent of QCI’s partnership with NASA were allegedly overstated, alongside claims regarding NASA-related contracts and subcontracts.
3. Development Missteps: QCI purportedly misrepresented the progress in creating a thin film lithium niobate (TFLN) foundry, as well as the scale of this foundry and orders for TFLN chips.
4. Undisclosed Transactions: The lawsuit indicates that QCI's revenues were partially dependent on undisclosed related party transactions, which were not disclosed to investors.
5. Negative Impact on Business: When the truth of these misrepresentations was revealed, it is expected to have a detrimental effect on QCI’s business and reputation, contradicting prior positive statements made by the defendants regarding the company’s prospects.

The Role of Lead Plaintiffs

Investors who feel they have suffered losses due to the mentioned issues have the opportunity to be appointed as lead plaintiffs by the April 28, 2025 deadline. A lead plaintiff represents all class members in directing litigation against the company. Usually, the lead plaintiff is the investor or group of investors with the largest financial stake in the case. They also have the authority to select legal counsel, which, if approved, will represent the class.

Steps for Affected Investors

For those affected by the alleged fraud, there are a few steps to consider. Kessler Topaz Meltzer & Check, LLP encourages investors to reach out directly to gain more information on how to proceed. Investors can also opt to remain class members without taking any further action.

To express interest or seek additional information, investors can follow this link.

Conclusion

This class action lawsuit highlights the importance of transparency and honesty in corporate communications, especially in high-stakes fields like quantum computing. As the case unfolds, it could provide significant insights into investor protection and corporate accountability. Investors are advised to stay informed and consider their options carefully as this legal situation progresses, especially if they have invested in Quantum Computing Inc. during the stated period.

About Kessler Topaz Meltzer & Check, LLP: This law firm has built a reputation for successfully prosecuting class action cases and protecting investors against fraud. Their commitment to integrity ensures that both existing and prospective investors are informed about their rights and possible recourse in light of this lawsuit.