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, during a class period spanning February 27, 2026, to August 25, 2026. The complaint claims that D-Wave made materially false and misleading statements regarding its business operations and revenue recognition practices. Specifically, the lawsuit challenges how the company represented its ability to recognize revenue from quantum computer system sales, citing a $20 million agreement with Florida Atlantic University as an example where deployment timelines may have misled investors about expected revenue realization.