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
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.
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SOURCE Jakubowitz Law