Quantum(QMCO) GlobeNewswire News Room·2025-03-12 21:43Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. (QUBT) for allegedly misleading investors regarding its technology capabilities and business dealings, particularly with NASA and related party transactions [1][2][3]. Group 1: Allegations Against Quantum Computing Inc. - The lawsuit claims that QCI overstated its quantum computing technologies, products, and services [2]. - It is alleged that QCI misrepresented its relationship with NASA, including the nature and scope of contracts [2]. - The complaint states that QCI exaggerated its progress in developing a TFLN foundry and the scale of its operations [2]. - QCI's business dealings with Quad M and millionways are characterized as undisclosed related party transactions [2]. - The lawsuit suggests that QCI's revenues were partially dependent on these undisclosed transactions, which could negatively impact the company's reputation and business once revealed [2]. Group 2: Impact of Allegations - Following the publication of a report by Capybara Research on January 16, 2025, which accused QCI of fabricating revenues and overstating ties to NASA, QCI's stock price dropped by 9.83 per share on January 17, 2025 [3]. - The report also claimed that QCI had not purchased the land for its TFLN foundry, contradicting previous statements made by the company [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must file their papers by April 28, 2025, to serve as lead plaintiffs [4]. - Shareholders can remain absent class members and still be eligible for recovery without participating in the case [4]. Group 4: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has a history of advocating for shareholder rights and holding company executives accountable since 2002 [5].