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Investigation announced for Long-Term Investors in shares of IonQ, Inc. (NYSE: IONQ) over potential Wrongdoing

09-15-2022 12:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in IonQ, Inc. (NYSE: IONQ) shares.

An investigation on behalf of current long term investors in IonQ, Inc. (NYSE: IONQ) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of IonQ, Inc.

Investors who are current long term investors in IonQ, Inc. (NYSE: IONQ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: IONQ stocks follows a lawsuit filed against IonQ, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: IONQ stocks, concerns whether certain IonQ, Inc officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Maryland the plaintiff alleges that the Defendants failed to disclose to investors that IonQ had not yet developed a 32-qubit quantum computer, that the Company's 11-qubit quantum computer suffered from significant error rates, rendering it useless, that IonQ's quantum computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers, that a significant portion of IonQ's revenue was derived from improper round-tripping transactions with related parties, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of IonQ, Inc. (NYSE: IONQ) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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