D-Wave Quantum faces class action lawsuit over disclosure practices
Shareholders have initiated a class action against D-Wave Quantum, Inc. citing misleading financial disclosures. The deadline for lead plaintiff applications is December 15, 2026.
D-Wave Quantum, Inc. is the subject of a securities class action lawsuit filed in the U.S. District Court for the Northern District of California. The litigation concerns alleged misrepresentations regarding the company’s business prospects made between February 26, 2026, and August 25, 2026.
The complaint follows significant stock price declines in August 2026, triggered by a quarterly earnings report showing stagnant revenue and the announced departure of CFO John Markovich. Plaintiffs argue that the company failed to disclose material adverse facts, which resulted in inflated valuation projections during the class period.
The law firm Glancy Prongay Wolke & Rotter LLP is currently organizing the class. Investors seeking to serve as lead plaintiff must move the court by the December 15, 2026, deadline.