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QUBT.US
id: 1507
Quantum Computing (QUBT) Misrepresentation of Technology and Business Deals Case
D. New Jersey
Court2:25-cv-01457
Case number03/30/2020
Class period Start01/15/2025
Class period End04/28/2025
Lead Plaintiff motion deadline- $QUBT investors filed a lawsuit against Quantum Computing, alleging the company misled shareholders about its quantum computing technology, partnerships, and business operations.
- On January 16, 2025, Capybara Research reported that QUBT had overstated its relationship with NASA, fabricated revenue through undisclosed related-party transactions. Following this, $QUBT dropped 14.89%.
Case Details:
Between March 30, 2020, and January 15, 2025, Quantum Computing Inc. (QCI) claimed its quantum photonic technology and AI systems were advancing high-performance computing. The company also promoted its partnership with NASA and business deals with Quad M Solutions and millionways as proof of success.
However, investigations revealed that QCI exaggerated its technology, overstated its NASA ties, and failed to disclose that its deals with Quad M and millionways were related-party transactions used to inflate revenue.
On November 27, 2024, Iceberg Research exposed QCI’s Quantum Photonic Chip Foundry as a small office space, not a real production facility. Despite the report, QCI defended its claims.
On January 16, 2025, Capybara Research released a detailed report accusing QCI of falsely linking itself to NASA, fabricating revenue through undisclosed insider deals, and overstating the commercial viability of its technology. The report also alleged that QCI engaged in stock promotion tactics, using misleading press releases to boost investor confidence.
Following this report, $QUBT stock dropped 14.89%
Based on these events, $QUBT investors filed a lawsuit against Quantum Computing, claiming the company:
- It misled investors about its quantum computing technology and partnerships.
- It fabricated revenue through undisclosed related-party transactions.
Investors believe QCI misrepresented its technological advancements and financial stability,
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
01/17/2025
Filing date
02/25/2025
Lead Plaintiff Deadline
04/28/2025