Important Notice for Shareholders of Quantum Computing Inc.:
New York, NY – March 20, 2025
The Gross Law Firm, a leading securities fraud law firm, today issued a notice to shareholders of Quantum Computing Inc. (QUBT) regarding a potential securities class action. The notice comes following allegations that Quantum Computing may have violated federal securities laws.
Class Period and Eligibility:
The class period for this action is from August 1, 2023, to November 15, 2024. During this time, Quantum Computing’s shares traded publicly on the NASDAQ stock exchange under the symbol QUBT. Shareholders who purchased or acquired Quantum Computing shares during the class period are encouraged to contact The Gross Law Firm regarding potential lead plaintiff appointment.
Allegations:
The complaint alleges that Quantum Computing made materially false and misleading statements regarding its business, operations, and financial condition. Specifically, the complaint alleges that the company made false and/or misleading statements and/or failed to disclose that:
- Defendants failed to disclose that they had overstated the company’s revenue and earnings
- Defendants failed to disclose that they had engaged in an improper revenue recognition scheme
- Defendants failed to disclose that they had inadequate internal controls
As a result of these allegedly false statements, Quantum Computing’s stock traded at artificially inflated prices during the class period, causing significant harm to shareholders.
Impact on Individual Shareholders:
If you purchased or acquired Quantum Computing shares during the class period and suffered losses, you may be able to recover your losses as a member of the proposed class. You may also be able to serve as a lead plaintiff in the action. Lead plaintiffs are generally the largest institutional investors with the most significant financial interest in a case. They play a key role in the litigation process and are entitled to certain protections under the securities laws.
Impact on the World:
The potential securities fraud case against Quantum Computing is significant because it highlights the importance of accurate financial reporting in the tech industry. The allegations of revenue recognition issues and inadequate internal controls are common in tech companies, and the consequences of such fraudulent activities can be far-reaching. Investors rely on accurate financial reporting to make informed investment decisions, and companies that engage in securities fraud can damage the trust and confidence of the investing public.
Contact The Gross Law Firm:
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact The Gross Law Firm at 888-227-1961, [email protected], or fill out this form on our website: www.grosslawfirm.com/contact/
The Gross Law Firm represents investors worldwide, and the firm’s attorneys are committed to protecting the rights of shareholders and securing justice for victims of securities fraud. The firm takes pride in its professionalism, experience, and results.
Conclusion:
The potential securities fraud case against Quantum Computing serves as a reminder of the importance of accurate financial reporting in the tech industry. Shareholders who purchased or acquired Quantum Computing shares during the class period and suffered losses are encouraged to contact The Gross Law Firm for more information about potential lead plaintiff appointment. The Gross Law Firm is dedicated to protecting the rights of investors and securing justice for victims of securities fraud.
