Quantum Computing Executives Sued After Short Seller Claims (1)

Quantum Computing Inc.‘s top brass misled investors about its chip factory, its National Aeronautics and Space Administration relationship, and early business deals to inflate its stock price, a shareholder lawsuit said.

The alleged fabrications came to light when a short seller accused QCi of overhyping its technology and progress on its Arizona quantum computing device foundry, a stockholder told the US District Court for the District of New Jersey. The short seller’s Jan. 16 report said that QCi’s claims of a “longstanding relationship” with NASA involving multiple contracts weren’t true, per the complaint field Tuesday. Rather, government personnel and ...