Class Action Lawsuit Filed Against Quantum Computing Inc.:
On March 11, 2025, Pomerantz LLP announced the filing of a class action lawsuit against Quantum Computing Inc. (QCI) and certain of its top officials. The lawsuit was filed in the United States District Court for the District of New Jersey, with the docket number 25-cv-01457.
Background:
The class action is brought on behalf of all persons and entities other than the Defendants who purchased or otherwise acquired QCI securities between March 30, 2020, and January 15, 2025. The Complaint alleges that the Defendants violated the federal securities laws, specifically Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
Allegations:
The Complaint alleges that during the Class Period, the Defendants made false and misleading statements regarding the Company’s business, operations, and financial condition. Specifically, the Defendants allegedly made false and/or misleading statements and/or failed to disclose that:
- QCI had not yet achieved commercial success with its quantum computing technology;
- The Company’s revenue growth was due in large part to non-recurring revenue and one-time transactions;
- QCI was experiencing significant operational challenges, including delays in the development and delivery of its quantum computing systems;
- The Company’s financial statements did not accurately reflect its financial condition;
Impact on Individual Investors:
The filing of this class action lawsuit may have significant implications for individual investors who purchased QCI securities during the Class Period. If the allegations in the Complaint are proven true, these investors may be entitled to recover damages for their losses. The outcome of the lawsuit could also impact the value of their QCI holdings.
Impact on the World:
The impact of this class action lawsuit on the world at large may depend on the outcome of the litigation. If the allegations are proven true, it could lead to increased scrutiny of the quantum computing industry and the business practices of other companies in the space. It could also potentially negatively impact investor confidence in the industry as a whole.
Conclusion:
The filing of this class action lawsuit against Quantum Computing Inc. and certain of its top officials alleging securities law violations is a significant development for the Company and its investors. The outcome of the litigation could have significant implications for individual investors who purchased QCI securities during the Class Period, as well as for the quantum computing industry as a whole. As the litigation progresses, we will continue to monitor developments closely and provide updates as appropriate.
This press release is not a solicitation for investment. Readers are advised to consult their own legal and financial advisors before making any investment decisions.
