Press release
Investigation announced for Long-Term Investors in shares of IonQ, Inc. (NYSE: IONQ)
An investigation on behalf of investors in IonQ, Inc. (NYSE: IONQ) shares over potential wrongdoing at IonQ, Inc. was announced.
Investors who purchased shares of IonQ, Inc. (NYSE: IONQ) and currently hold any of those 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 concerns whether certain IonQ, Inc. (NYSE: IONQ officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On May 31, 2022, an investor, who purchased shares of IonQ, Inc. (NYSE: IONQ), filed a lawsuit over alleged violations of Federal Securities Laws by IonQ, Inc.. The plaintiff claimed that between March 30, 2021 and May 2, 2022, 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.
On November 22, 2022, a consolidated amended Complaint was filed.
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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