Lawsuit Alleges Securities Fraud Against Quantum Computing Inc.

A securities fraud lawsuit has been brought against Quantum Computing Inc. (QCI) by investors who purchased QCI securities during the Class Period between March 30, 2020, and January 15, 2025. The lead plaintiff deadline for this class action lawsuit is set for April 28, 2025.

The complaint alleges that Defendants engaged in misconduct throughout the Class Period by making false and misleading statements and failing to disclose crucial information about QCI’s business. They failed to disclose that QCI misrepresented the capabilities of its quantum computing technologies, overstated its relationship with NASA, exaggerated its progress in developing a thin film lithium niobate (TFLN) foundry, and engaged in related party transactions. These omissions and misrepresentations had a significant negative impact on QCI’s business and reputation.

Investors who have incurred substantial losses due to QCI’s actions are encouraged to seek more information from Kessler Topaz Meltzer & Check, LLP directly. They have an opportunity to become lead plaintiff representatives for the class, acting on behalf of all affected investors. The lead plaintiff is typically an investor or a small group of investors with the largest financial interest in the case. They will select legal counsel to represent them and the class, with approved attorneys serving as lead or class counsel. Whether an investor chooses to serve as lead plaintiff or not does not affect their ability to receive a portion of any financial recovery.

Kessler Topaz Meltzer & Check, LLP specializes in prosecuting class actions across various jurisdictions, striving to protect investors, consumers, employees, and others from corporate misconduct. The firm has a track record of recovering billions of dollars for victims of fraud and other wrongdoing. While this particular lawsuit against QCI was not filed by Kessler Topaz Meltzer & Check, LLP, they provide valuable assistance to affected investors seeking redress.

The class action lawsuit against QCI underscores the importance of accurate and transparent disclosures by companies to investors. Misrepresentations and omissions can have far-reaching consequences, leading to financial losses and reputational damage. By holding companies accountable for misleading statements, investors can seek justice and potentially recover losses incurred due to deceptive practices.