Important Information for Investors: Class Action Lawsuit Filed Against Quantum Computing Inc.
New York, NY – March 12, 2025
Levi & Korsinsky, LLP, a national securities law firm, announces that a class action securities lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Quantum Computing Inc. (“Quantum Computing” or the “Company”) (NASDAQ: QUBT) securities between March 30, 2020, and January 15, 2025. The lawsuit seeks to recover damages on behalf of these investors.
Class Definition:
The complaint alleges that Quantum Computing and certain of its top executives violated the Securities Exchange Act of 1934 by making false and misleading statements to the market. Specifically, the lawsuit alleges that the defendants made false statements regarding the Company’s financial condition, business prospects, and the commercial viability of its quantum computing technology.
Allegations:
According to the complaint, the defendants made false and misleading statements, and failed to disclose material information, including:
- That the Company’s financial statements for the periods ended June 30, 2021, and December 31, 2021, contained material misstatements and omissions;
- That the Company’s quantum computing technology was not yet commercially viable;
- That the Company’s revenue growth was due in large part to non-recurring revenue and one-time sales;
- That the Company was experiencing significant operational challenges;
- That the Company was facing increased competition in the quantum computing market.
What Does This Mean for Investors?
If you purchased Quantum Computing securities between March 30, 2020, and January 15, 2025, you may be entitled to recover your losses. The lawsuit seeks to recover damages on behalf of all investors who were adversely affected by the alleged securities fraud, and the class period covers nearly five years. If you are a member of the class, you may be eligible to receive compensation for your losses.
What Does This Mean for the World?
The allegations in the lawsuit raise concerns about the accuracy and reliability of the information provided by Quantum Computing to the investing public. The quantum computing market is a rapidly growing industry, with significant potential to transform industries and solve complex problems. However, the lawsuit highlights the importance of transparency and accuracy in the reporting of financial information and the commercial viability of emerging technologies.
Conclusion:
The filing of this class action securities lawsuit against Quantum Computing is an important development for investors. It underscores the need for accurate and transparent reporting by publicly traded companies, particularly those in emerging industries. If you purchased Quantum Computing securities during the class period, we encourage you to contact Levi & Korsinsky, LLP to discuss your potential recovery options. And regardless of whether you are an investor in Quantum Computing or not, it is essential to remain vigilant about the accuracy and reliability of the information provided by publicly traded companies.
For more information, please contact Levi & Korsinsky, LLP. Levi & Korsinsky, LLP has extensive experience in prosecuting securities litigation and recovering significant damages for investors. For a free consultation, please call (212) 363-7500.
About Levi & Korsinsky, LLP:
Levi & Korsinsky, LLP is a national law firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation and have recovered over $1 billion for aggrieved investors. For more information, please visit
