NEW
YORK, July 1, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of IonQ, Inc. (NYSE: IONQ).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/ionq-inc-loss-submission-form/?id=29414&from=4
The lawsuit seeks to recover losses for shareholders who
purchased IonQ between March 30, 2021
and May 2, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 1, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, IonQ, Inc. issued materially
false and/or misleading statements and/or failed to disclose that:
(1) IonQ had not yet developed a 32-qubit quantum computer; (2) the
Company's 11-qubit quantum computer suffered from significant error
rates, rendering it useless; (3) IonQ's quantum the computer is not
sufficiently reliable, so it is not accessible despite being
available through major cloud providers; (4) a significant portion
of IonQ's revenue was derived from improper roundtripping
transactions with related parties; and (5) as a result of the
foregoing, defendants' positive statements about the Company's
business, operations, and prospects were the materially misleading
and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law