NEW YORK–(BUSINESS WIRE)–$QUBT #CLASSACTIONLAWSUIT–The law firm of Kirby McInerney LLP reminds investors who purchased Quantum Computing Inc. (“Quantum” or the “Company”) (NASDAQ:QUBT) securities to contact Thomas W. Elrod of Kirby McInerney LLP by email at [email protected], or fill out the contact form below, to discuss your rights or interests with respect to the securities fraud class action lawsuit against the Company.
[LEARN MORE ABOUT THE CLASS ACTION]
The lawsuit was filed on behalf of investors who acquired Quantum securities from March 30, 2020, through January 15, 2025 (“the Class Period”). Investors have until April 28, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that throughout the Class Period: (1) defendants overstated the capabilities of Quantum’s quantum computing technologies, products, and/or services; (2) defendants overstated the scope and nature of Quantum’s relationship with NASA, as well as the scope and nature of Quantum’s NASA-related contracts and/or subcontracts; (3) defendants overstated Quantum’s progress in developing a TFLN foundry, the scale of the purported TFLN foundry, and orders for the Company’s TFLN chips; (4) defendants concealed the fact that Quantum’s business dealings with Quad M and millionways both qualified as related party transactions; (5) accordingly, Quantum’s revenues relied, at least in part, on undisclosed related party transactions; and (6) all the foregoing, once revealed, was likely to have a significant negative impact on Quantum’s business and reputation.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
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Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https://www.kmllp.com
[email protected]
