Johnson Fistel, PLLP Investigates Quantum Computing Inc. (NASDAQ: QUBT) on Behalf of Long-term Shareholders
Shareholder rights law firm Johnson Fistel, PLLP is investigating potential violations of federal and state securities laws by certain officers and directors of Quantum Computing Inc. (NASDAQ: QUBT). Current, long-term shareholders of the company who have continuously held shares may be able to hold certain officers and directors personally accountable for misconduct. You may also be able to assist in reforming the company’s corporate governance to prevent future wrongdoing.
A class action lawsuit was filed on February 25, 2025 in the U.S. District Court for the District of New Jersey on behalf of investors. The Complaint alleges: Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendants overstated the capabilities of Quantum’s quantum computing technologies, products, and/or services; (ii) Defendants overstated the scope and nature of Quantum’s relationship with NASA, as well as the scope and nature of Quantum’s NASA-related contracts and/or subcontracts; (iii) Defendants overstated Quantum’s progress in developing a TFLN foundry, the scale of the purported TFLN foundry, and orders for the Company’s TFLN chips; (iv) Quantum’s business dealings with Quad M and millionways both qualified as related party transactions; (v) accordingly, Quantum’s revenues relied, at least in part, on undisclosed related party transactions; (vi) all the foregoing, once revealed, was likely to have a significant negative impact on Quantum’s business and reputation; and (vii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.