Quantum Computing Inc. Faces Class Action Lawsuit Over Securities Fraud
LOS ANGELES, March 7, 2025 /PRNewswire/ — The Schall Law Firm, a national firm specializing in shareholder rights litigation, is reminding investors of a class action lawsuit against Quantum Computing Inc. (“Quantum Computing” or “the Company”), QUBT, for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 as established by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities from March 30, 2020 to January 15, 2025 (the “Class Period”) are urged to contact the firm by April 28, 2025.
Shareholders who experienced losses are encouraged to join the lawsuit. For additional information or to participate, contact Brian Schall at the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, via phone at 310-301-3335, or visit the firm’s website at www.schallfirm.com. You may also reach out via email at [email protected].
The class has yet to be certified, meaning that until then, affected individuals are not represented by any attorney. Those who choose not to take action may remain absent from the class.
According to the filed Complaint, Quantum Computing made numerous false and misleading statements. The Company allegedly exaggerated the capabilities of its products and the extent of its partnership with NASA. Claims regarding the development of a thin film lithium niobate (“TFLN”) foundry were also overstated, as were assertions about orders for TFLN products. Furthermore, multiple transactions with related parties, which contributed to the Company’s revenue, were not disclosed. As a result, public statements concerning the Company were materially misleading during the Class Period, leading to financial losses for investors when the truth emerged.
Investors are encouraged to join this case to recover their losses.
The Schall Law Firm represents clients globally and focuses on securities class action lawsuits and the protection of shareholder rights.
This press release may constitute Attorney Advertising in some jurisdictions depending on relevant legal standards and ethical rules.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Website: www.schallfirm.com
Office: 310-301-3335
Email: [email protected]
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SOURCE: The Schall Law Firm