#USA #New York #Securities Fraud #Pomerantz LLP #Quantum Corporation

Pomerantz Law Firm Alert: Quantum Corporation Class Action Lawsuit

In a significant development for investors, the Pomerantz Law Firm has announced the initiation of a class action lawsuit against Quantum Corporation (NASDAQ: QMCO), calling attention to potential securities fraud and other unlawful business practices. Investors who have suffered financial losses are encouraged to step forward as the deadlines for taking legal action approach.

The essence of this class action revolves around the accountability of Quantum and some of its executives regarding their business operations and reporting practices. Investors are urged to contact attorney Danielle Peyton for more information, and to consider joining the lawsuit if they purchased or acquired Quantum securities during the relevant class period.

The legal proceedings underscore the ramifications of false disclosures and accounting discrepancies that have plagued Quantum in recent months. On June 30, 2025, Quantum Corporation announced an unexpected delay in filing its Annual Report, citing the need to review its revenue recognition accounting practices. This announcement led to a swift reaction in the stock market, causing Quantum’s stock to tumble by 10.03%, closing at $8.97 per share the next day.

Further compounding the woes for Quantum, the company reported on August 8, 2025, that its third quarter of 2024 financial results could no longer be relied upon. They indicated a significant revenue decrease of approximately $3.9 million, alongside deficiencies identified in their internal controls and reporting procedures that constituted material weaknesses as of the last financial statements for the previous year. This startling revelation saw the stock price drop further by 1.85%.

Moreover, the turbulence did not stop there. The announcement on August 18, 2025, of the resignation of CFO Lewis Moorehead due to an internal accounting review resulted in another decline in stock price, closing at $6.83 per share. This series of events reflects the precarious position in which Quantum currently finds itself, raising numerous questions among its investors.

The Pomerantz Law Firm, with its numerous accolades and a legacy of championing the rights of securities fraud victims, stands out as a beacon of hope for those affected. Established over 85 years ago by the renowned Abraham L. Pomerantz, this firm has made a mark in the field of corporate and class action litigation, successfully recovering millions for class members. They continue their fight for justice in the wake of corporate misconduct and securities fraud.

Investors interested in taking action must note that the deadline to apply as the Lead Plaintiff in this class action is November 3, 2025. For additional details, prospective participants can find the complaint and more information at Pomerantz Law Firm's website. This is a crucial opportunity for affected shareholders to seek recourse amidst a turbulent period for Quantum Corporation.

Pomerantz LLP remains a pillar in class action litigation, with offices spanning New York, Chicago, Los Angeles, London, Paris, and Tel Aviv. Its commitment to safeguarding investor rights and advocacy for ethical corporate practices continues to resonate throughout the financial community.

Please reach out to Danielle Peyton at Pomerantz LLP for effective legal guidance at 646-581-9980 or via email. You may also opt for the toll-free number 888.4-POMLAW, Ext. 7980 to ensure you have every detail necessary to participate should you wish to take part in this pressing matter.