Quantum Biopharma Ltd. Faces Class Action Lawsuit Over Alleged Securities Fraud
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Class Action Initiated: Pomerantz LLP has announced a class action lawsuit on behalf of Quantum Biopharma shareholders, alleging securities fraud by the company and its executives, which could undermine shareholder confidence and lead to further stock price declines.
- Manipulative Trading Allegations: The lawsuit accuses financial institutions like CIBC and RBC of placing thousands of spoofed sell orders to create a false impression of Quantum's stock price decline, enticing investors to sell at artificially low prices for the defendants' profit.
- Investor Rights Protection: Shareholders must apply by February 23, 2026, to be appointed as Lead Plaintiff in the class action, highlighting concerns over corporate governance and transparency that may affect future investor trust.
- Law Firm's Reputation: Pomerantz LLP is a prominent securities class action law firm with over 85 years of experience advocating for victims of securities fraud, indicating the potential impact of this legal action on corporate accountability.
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About QNTM
Quantum BioPharma Ltd. is a Canada-based biopharmaceutical company. The Company is engaged in building a portfolio of assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc., it is focused on the research and development of its lead compound, Lucid-MS, which is a patented new chemical entity to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis. The Company has also licensed unbuzzd, a formulation of natural ingredients, vitamins, and minerals to help with liver and brain function for the purposes of quickly relieving individuals from the effects of alcohol consumption. It maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
