Lawsuit alleges D-Wave Quantum, Inc. made misleading statements to investors from February 26, 2026 to August 25, 2026; lead plaintiff motions are due December 15, 2026
LOS ANGELES, Oct. 29, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against D-Wave Quantum, Inc. ("D-Wave" or the "Company") (NASDAQ: QBTS) on behalf of investors who acquired the Company's securities from February 26, 2026 to August 25, 2026. Filed on October 15, 2026, the case is Fessler v. D-Wave Quantum, Inc. et al., U.S. District Court California Northern District, Case No. 3:26-cv-11953.
If you lost money on D-Wave Quantum, Inc. securities, submit your D-Wave Quantum, Inc. loss information by December 15, 2026 to learn about participating in the lawsuit.
D-Wave Quantum, Inc. class action timeline
- Class period begins: February 26, 2026
- Class period ends: August 25, 2026
- Complaint filed: October 15, 2026
- Lead plaintiff motion deadline: December 15, 2026
What happened?
On August 6, 2026, D-Wave reported its second quarter of 2026 financial results. Among other things, D-Wave issues revenue of only $3.08 million, compared to $3.1 million for the same period in 2025.
On this news, D-Wave's stock price fell $1.98 per share, or 9.28%, to close at $19.41 per share on August 6, 2026, thereby injuring investors.
Then, on August 25, 2026, D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026."
On this news, D-Waves stock price fell $1.84 per share, or 9.51%, to close at $17.51 per share on August 26, 2026, thereby further injuring investors
What is the D-Wave Quantum, Inc. lawsuit about?
The D-Wave Quantum, Inc. securities lawsuit alleges that, between February 26, 2026 and August 25, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about D-Wave Quantum, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) Defendants materially overstated D-Wave's business and financial prospects; (2) the foregoing was reasonably likely to negatively impact the Company's business and reputation; and (3) as a result, defendants' positive statements about D-Wave Quantum, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
"According to the complaint filed against D-Wave Quantum, Inc., the Company, among other things, did not disclose that Defendants materially overstated D-Wave's business and financial prospects. The December 15, 2026 deadline is a key date for D-Wave Quantum, Inc. investors who want a voice in how this case moves forward," said Frank R. Cruz of The Law Offices of Frank R. Cruz.
What should D-Wave Quantum, Inc. investors do now?
The Law Offices of Frank R. Cruz can help D-Wave Quantum, Inc. investors evaluate potential claims to recover their losses.
Investors who want to serve as lead plaintiff in the D-Wave Quantum, Inc. class action must file a motion with the Court by December 15, 2026. For more information, visit the D-Wave Quantum, Inc. case page, email info@frankcruzlaw.com, or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
Investors may retain counsel of their choice. D-Wave Quantum, Inc. investors who bought during the class period may also take no action and remain absent class members. No class has been certified yet in the D-Wave Quantum, Inc. case.
Questions and answers about the D-Wave Quantum, Inc. lawsuit
Who is eligible? Investors who bought D-Wave Quantum, Inc. securities between February 26, 2026 and August 25, 2026 and lost money may be class members, and may seek lead plaintiff appointment by December 15, 2026.
What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the D-Wave Quantum, Inc. class action.
Must I be lead plaintiff to share in a recovery? No, D-Wave Quantum, Inc. investors can take no action and remain absent class members.
How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so D-Wave Quantum, Inc. investors pay no attorneys' fees up front. Any attorneys' fees and litigation expenses come only from a recovery, if there is one, and require court approval.
About The Law Offices of Frank R. Cruz
The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.
Prior results do not guarantee a similar outcome.
Related links
- D-Wave Quantum, Inc. case page, The Law Offices of Frank R. Cruz
- Complaint: Fessler v. D-Wave Quantum, Inc. et al., U.S. District Court California Northern District
- D-Wave Press Release
- D-Wave Quantum, Inc. SEC filings index, EDGAR
- The Law Offices of Frank R. Cruz
Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
