{"id":1011035,"date":"2026-10-16T12:02:19","date_gmt":"2026-10-16T16:02:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-d-wave-quantum-inc-qbts\/"},"modified":"2026-10-16T12:02:19","modified_gmt":"2026-10-16T16:02:19","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-d-wave-quantum-inc-qbts","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-d-wave-quantum-inc-qbts\/","title":{"rendered":"Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against D-Wave Quantum Inc. (QBTS)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Oct.  16, 2026  (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired D-Wave Quantum Inc. (\u201cD-Wave\u201d or the \u201cCompany\u201d) (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive (the \u201cClass Period\u201d). The class action charges D-Wave and certain of D-Wave\u2019s top executives with violations of the Securities Exchange Act of 1934.<\/p>\n<p align=\"justify\">The Complaint alleges that Defendants failed to disclose to investors that: (i) D-Wave\u2019s operational and financial prospects were overstated; (ii) the foregoing was reasonably likely to negatively impact the Company\u2019s business and reputation; and (iii) as a result, Defendants\u2019 public statements were materially false and misleading at all relevant times.<\/p>\n<p align=\"justify\">The Complaint alleges that the truth started to emerge on August 6, 2026 when D-Wave announced its financial results for the second quarter of 2026. The Complaint alleges that among other things, D-Wave reported revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave\u2019s stock price declined $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.<\/p>\n<p align=\"justify\">The Complaint continues to allege that on August 25, 2026, D-Wave issued a press release \u201cannounc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026.\u201d On this news, D-Wave\u2019s stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026. <br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <br \/>Investors who purchased or otherwise acquired shares of D-Wave should contact the Firm prior to the <strong><em>December 14, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna &amp; Egleston at (212) 983-1300, or via e-mail at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QXhFx0IEfOk7nk0P0njvhBaJzI94HdSZ91_sX4XMgQt5d5cnWBsZMOUuEQR0_Rcr4nLJqcnAfm-FuGGUaLnTVMRpqxipCOXmQG1oLfUbVqs=\" rel=\"nofollow\" target=\"_blank\"><u>tjmckenna@gme-law.com<\/u><\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0AkLCv-WeQ5xKcEAUfC4MTVuloeXyGivpawR6n2I6R9Hgt1ciU06J2tISWZ3v5xeN69OzUrSUzLnnl54LteXjpQpKZuSuFVtzYvoBtGNrPg=\" rel=\"nofollow\" target=\"_blank\"><u>gegleston@gme-law.com<\/u><\/a>.<\/p>\n<p align=\"justify\">Please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HE9uqRthp1mQzeoKtM7NxdHuYkeT2giEmkyzVj5FmYnntRHYnq7P3iZFvdMCwRADYn0y_io-apLy7QhkHTS0YkM1LVb9TTNrX3XVe5FpXUY=\" rel=\"nofollow\" target=\"_blank\"><u>http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg0NzQ1OSM3OTAwNTA0IzIwMTc3MDQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODFmNzE4MTctOTMxZi00YWExLTk3YzQtNjBlOGQzMWYyYTZlLTEwMjkyNzQtMjAyNi0xMC0xNi1lbg==\/tiny\/Gainey-McKenna-Egleston.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Oct. 16, 2026 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired D-Wave Quantum Inc. (\u201cD-Wave\u201d or the \u201cCompany\u201d) (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive (the \u201cClass Period\u201d). The class action charges D-Wave and certain of D-Wave\u2019s top executives with violations of the Securities Exchange Act of 1934. The Complaint alleges that Defendants failed to disclose to investors that: (i) D-Wave\u2019s operational and financial prospects were overstated; (ii) the foregoing was reasonably likely to negatively impact the Company\u2019s business and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-d-wave-quantum-inc-qbts\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against D-Wave Quantum Inc. (QBTS)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1011035","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against D-Wave Quantum Inc. (QBTS) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-d-wave-quantum-inc-qbts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against D-Wave Quantum Inc. (QBTS) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Oct. 16, 2026 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired D-Wave Quantum Inc. (\u201cD-Wave\u201d or the \u201cCompany\u201d) (NASDAQ: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive (the \u201cClass Period\u201d). The class action charges D-Wave and certain of D-Wave\u2019s top executives with violations of the Securities Exchange Act of 1934. The Complaint alleges that Defendants failed to disclose to investors that: (i) D-Wave\u2019s operational and financial prospects were overstated; (ii) the foregoing was reasonably likely to negatively impact the Company\u2019s business and &hellip; Continue reading &quot;Gainey McKenna &amp; Egleston Announces A Class Action Lawsuit Has Been Filed Against D-Wave Quantum Inc. 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