Pomerantz Law Firm Files Class Action Lawsuit Against D-Wave Quantum Inc.
Pomerantz LLP has filed a class action lawsuit against D-Wave Quantum Inc. (NASDAQ: QBTS) and certain officers in the U.S. District Court for the Northern District of California. The lawsuit alleges violations of federal securities laws, specifically Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, regarding misleading statements made during a class period between February 27, 2026, and August 25, 2026. The complaint focuses on D-Wave's revenue recognition practices related to quantum computer system sales. Specifically, it alleges that the company misled investors concerning the timing of revenue from major deals, such as a $20 million sale to Florida Atlantic University. While the company used a percentage-of-completion basis for revenue, plaintiffs claim management made false assurances regarding robust bookings and the speed of deployment/revenue realization.
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