Workflow
Kirby McInerney LLP Urges Investors in Quantum Computing Inc. to Inquire About Their Rights in Class Action Lawsuit
KEXKirby(KEX) GlobeNewswire News Room·2025-04-11 00:00

Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. for allegedly misleading investors regarding its technology capabilities, relationships with NASA, and financial reporting during the class period from March 30, 2020, to January 15, 2025 [1][6]. Group 1: Allegations and Reports - Iceberg Research published reports alleging that Quantum's claims about its TFLN foundry and chip orders were fraudulent, citing evidence such as communications with a university professor and photos of the supposed foundry location [3][4]. - A second report from Iceberg noted that Quantum's setup appeared more like a laboratory than a mass production foundry, and highlighted insignificant revenue reported from 2021 to the first nine months of 2024 despite claims of being a NASA subcontractor [4]. - Capybara Research's report accused Quantum of overstating its ties to NASA, fabricating revenues through related-party transactions, and claimed that Quantum's products were fake, leading to a significant drop in stock price [5]. Group 2: Class Action Details - The lawsuit alleges that Quantum's executives overstated the capabilities of its quantum computing technologies, the nature of its relationship with NASA, and the progress on its TFLN foundry [6]. - It is claimed that Quantum concealed related-party transactions that inflated its revenues, which, once revealed, could severely impact the company's business and reputation [6].