LegalJun 17, 2026, 07:21 AM
Arqit Quantum Settles Federal Class Action Lawsuit for $7M
AI Summary
Arqit Quantum Inc. announced that the Eastern District of New York Federal Court approved a settlement agreement on June 1, 2026, resolving a previously disclosed putative class action lawsuit for $7 million. Following this approval, a separate putative class action lawsuit filed in the Supreme Court of the State of New York was voluntarily dismissed. As a result, all putative class actions against the company in U.S. federal and state courts have been resolved.
Key Highlights
- Federal Court approved settlement agreement for $7 million on June 1, 2026.
- The settlement resolves the Federal Action (Case No. 1:22-cv-02604) in the Eastern District of New York.
- Following federal approval, a separate state class action lawsuit (Index No. 153555/2023) was voluntarily dismissed.
- All putative class actions against Arqit Quantum in U.S. federal and state courts have been resolved.
Price Impact
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