Quantum Computing Inc. (QUBT) Shareholders Face Critical Deadline in Ongoing Class Action Lawsuit
44min readInvestors in
(NASDAQ: QUBT) are under a tight deadline to act if they wish to join a class action lawsuit alleging widespread fraud by the company. The Rosen Law Firm, a top securities litigation firm, has issued notices urging shareholders who purchased QUBT stock between March 30, 2020, and January 15, 2025, to contact them by April 28, 2025, to preserve their rights. The case hinges on claims that Quantum Computing misled investors about its quantum technology capabilities, partnerships, and financial dealings, resulting in significant losses when the truth emerged.
The Allegations: A Pattern of Deception
The lawsuit alleges that Quantum Computing and its executives made false and misleading statements during the Class Period, including:
1. Overstating Quantum Technologies: The company purportedly exaggerated the capabilities of its quantum computing products, which are central to its business model.
2. False Claims About NASA: Quantum Computing allegedly inflated the scope of its relationship with NASA, including the specifics of contracts or subcontracts.
3. Misleading Progress on TFLN Foundry: The firm is accused of overstating advancements in its thin film lithium niobate (TFLN) foundry, a key component for quantum chips, as well as the scale of the facility and orders for its chips.
4. Undisclosed Related-Party Transactions: The company failed to disclose business dealings with Quad M Solutions, Inc. and millionways, Inc. as related-party transactions, concealing reliance on these ties for revenue.
These alleged misrepresentations, once revealed, caused QUBT’s stock price to plummet, resulting in significant losses for investors.
The Legal Landscape and Deadlines
The lawsuit, filed under a contingency fee arrangement, allows investors to participate without upfront costs. However, the April 28, 2025, deadline is critical for shareholders seeking to act as lead plaintiff—a role that requires filing a motion with the court to represent the class.
Key facts to note:
- No Class Certification Yet: Until a class is certified, shareholders are not represented by counsel unless they retain one.
- Rosen Law Firm’s Track Record: The firm has secured over $438 million for investors in 2019 alone and was ranked No. 1 by ISS Securities Class Action Services in 2017. Founding partner Laurence Rosen was named a Titan of the Plaintiffs’ Bar in 2020.
Why This Matters for Investors
The case underscores the risks of investing in high-tech firms with aggressive growth narratives. Quantum Computing’s claims about its quantum capabilities and partnerships likely inflated its valuation, but the alleged misstatements have now exposed vulnerabilities.
For shareholders who held QUBT during the Class Period, the lawsuit offers a path to recover losses—if they act promptly. The April 28 deadline is non-negotiable, as delays could bar eligibility for lead plaintiff status.
Conclusion: A Crossroads for QUBT Investors
With the lawsuit’s allegations targeting core aspects of Quantum Computing’s business—technology, partnerships, and transparency—the outcome could have lasting implications. The stock’s performance during the Class Period (as shown in the visual above) highlights the volatility tied to these claims, with investors likely facing significant declines once the alleged fraud came to light.
Rosen Law Firm’s proven success in securities litigation provides credibility to the case, but the clock is ticking. Shareholders must weigh the potential for recovery against the risks of inaction. With the firm’s contingency fee structure minimizing upfront costs, affected investors are strongly advised to contact Rosen by the deadline to safeguard their rights.
As the legal battle unfolds, the case serves as a cautionary tale: in the high-stakes world of quantum tech investing, transparency and accountability matter—and investors must act swiftly to protect themselves.
Act Now:
- Submit claims via rosenlegal.com/submit-form/?case_id=35891
- Call toll-free: 866-767-3653
- Email: case@rosenlegal.com
The clock is ticking—April 28, 2025, is the final chance to secure a voice in this critical litigation.
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