ARQQ, ARQQW Investors Have Opportunity to Lead Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. Securities Fraud Lawsuit
BENSALEM, Pa., June 21, 2022 /PRNewswire/ — Law Offices of Howard G Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Arqit Quantum Inc. (“Arqit” or the “Company”) (NASDAQ: ARQQ, ARQQW).
class period: September 7, 2021 – Apr 182022
Lead Plaintiff Deadline: July 5, 2022
Investors suffering losses on their Arqit investments are encouraged to contact the Law Offices of Howard G Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Arqit’s proposed encryption technology would require widespread adoption of new protocols and standards of for telecommunications; (2) British cybersecurity officials questioned the viability of Arqit’s proposed encryption technology in a meeting in 2020; (3) the British government was not an Arqit customer but, rather, providing grants to Arqit; (4) Arqit had little more than an early-stage prototype of its encryption system at the time of the merger; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
To be a member of the action class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G Smith, Esquireof Law Offices of Howard G Smith3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected]or visit our website at www.howardsmithlaw.com.
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Law Offices of Howard G Smith
Howard G Smith, Esquire
SOURCE Law Offices of Howard G Smith