Quantum(QMCO) Prnewswire·2025-04-18 09:45Core Viewpoint - A class action securities lawsuit has been filed against Quantum Computing Inc. (NASDAQ: QUBT) for alleged securities fraud affecting investors between March 30, 2020, and January 15, 2025 [1][2]. Case Details - The lawsuit alleges that defendants made false statements regarding QCI's quantum computing technologies, overstating their capabilities and the nature of their relationship with NASA [2]. - It is claimed that QCI overstated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its operations related to TFLN chips [2]. - The complaint also indicates that QCI's business dealings with Quad M and millionways were related party transactions, which were not disclosed, impacting the company's revenue [2]. - The revelations from the lawsuit are expected to have a significant negative impact on QCI's business and reputation, as the public statements made by the defendants were materially false and misleading [2]. Next Steps - Investors who suffered losses in Quantum Computing Inc. during the specified timeframe have until April 28, 2025, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securing compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States [4].