IONQ ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against IonQ, Inc. and Encourages Investors to Contact the Firm –


NEW YORK–(Organization WIRE)–#Action–Bragar Eagel & Squire, P.C., a nationally regarded stockholder legal rights regulation agency, announces that a course motion lawsuit has been filed towards IonQ, Inc. (“IonQ” or the “Company”) (NYSE: IONQ) in the United States District Courtroom for the District of Maryland on behalf of all people and entities who bought or if not obtained IonQ securities among March 20, 2021 and May well 2, 2022, both equally dates inclusive (the “Class Period”). Investors have right up until August 1, 2022 to utilize to the Courtroom to be appointed as lead plaintiff in the lawsuit.

Click below to participate in the motion.

On May possibly 3, 2022, Scorpion Funds launched a exploration report alleging, among the other items, that IonQ is a “scam created on phony statements about nearly all important areas of the technologies and company.” It further more claimed that the Firm documented “[f]ictitious ‘revenue’ by means of sham transactions and relevant-social gathering spherical-tripping.”

On this information, the Company’s inventory fell $.71, or 9%, to shut at $7.15 for every share on May perhaps 3, 2022, on unusually heavy trading volume.

The grievance filed in this class action alleges that all through the Course Period of time, Defendants built materially wrong and/or deceptive statements, as nicely as unsuccessful to disclose material adverse information about the Company’s business, operations, and potential clients. Particularly, Defendants failed to disclose to investors: (1) that IonQ experienced not yet developed a 32-qubit quantum computer (2) that the Company’s 11-qubit quantum laptop or computer suffered from substantial mistake fees, rendering it worthless (3) that IonQ’s quantum computer system is not sufficiently reliable, so it is not available in spite of being out there via big cloud providers (4) that a significant portion of IonQ’s income was derived from incorrect round-tripping transactions with linked events and (5) that, as a result of the foregoing, Defendants’ good statements about the Company’s business, functions, and prospective buyers ended up materially misleading and/or lacked a sensible basis at all applicable situations.

If you obtained or usually acquired IonQ shares and experienced a loss, are a prolonged-phrase stockholder, have details, would like to learn additional about these promises, or have any concerns relating to this announcement or your legal rights or pursuits with regard to these issues, you should speak to Brandon Walker or Melissa Fortunato by electronic mail at [email protected], phone at (212) 355-4648, or by filling out this speak to kind. There is no price or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally regarded regulation firm with places of work in New York, California, and South Carolina. The firm represents person and institutional traders in professional, securities, spinoff, and other intricate litigation in point out and federal courts across the region. For far more facts about the agency, you should pay a visit to www.bespc.com. Legal professional advertising. Prior success do not assure very similar results.

Contacts

Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Melissa Fortunato, Esq.

(212) 355-4648

[email protected]
www.bespc.com





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