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Class action filed against D-Wave for overstating business prospects, causing stock price drops.

Market News
16 Oct 2026
PRNewsWire
View Source
Bearish
Class action filed against D-Wave for overstating business prospects, causing stock price drops.

A class action lawsuit has been filed against D-Wave Quantum Inc. for allegedly overstating its business and financial prospects between February 26 and August 25, 2026. The lawsuit claims that D-Wave's public statements were false and misleading, which contributed to a significant drop in its stock price after disappointing financial results and the CFO's resignation were announced in August 2026. Investors who bought D-Wave securities during this period and suffered losses may join the lawsuit or seek lead plaintiff status by December 15, 2026. The law firm Robbins LLP is representing affected investors on a contingency fee basis with no upfront costs.

QBTS, representing D-Wave Quantum Inc., trades at USD 11.81 on Pluang with a notable 7.84% drop in the past day as of Oct 17, 2026, 03:31 WIB. The stock's market cap stands at $4.86 billion, and despite recent legal challenges, Pluang users show strong buying interest with 90% of order activity on the buy side. This trading behavior occurs amid ongoing investor attention following the class action lawsuit announcement.

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