#United States #New York #Pomerantz LLP #Quantum Corporation #QMCO

Pomerantz Law Firm Issues Investor Alert on Quantum Corporation Class Action Lawsuit

The renowned Pomerantz Law Firm has taken significant steps to inform investors in Quantum Corporation (NASDAQ: QMCO) about a critical class action lawsuit that is underway. Those who believe they have suffered financial losses due to potential securities fraud or misconduct by Quantum are encouraged to take action before the upcoming deadlines.

Background on the Case

On September 8, 2025, Pomerantz LLP announced the initiation of this class action lawsuit against Quantum Corporation and several of its top executives and board members. This lawsuit arises from allegations suggesting that Quantum may have engaged in deceptive business practices that led to inflated stock values.

Investors who acquired shares in Quantum during the Class Period must act quickly, as the deadline to apply for Lead Plaintiff status is set for November 3, 2025. Interested parties can reach out to Danielle Peyton by emailing [email protected] or via phone at 646-581-9980. It is advisable that inquiries via e-mail include their contact information and number of shares purchased for efficient processing.

Impact on Stock Prices

The significance of this lawsuit is underscored by Quantum’s recent financial disclosures. On June 30, 2025, the company announced a delay in filing its Annual Report, stating that it was reviewing its revenue recognition accounting practices. Following this announcement, Quantum’s stock price underwent a dramatic decline of 10.03%, falling to $8.97 per share by July 1, 2025.

The situation escalated further on August 8, 2025, when Quantum disclosed to the Securities and Exchange Commission (SEC) that their financial statements for the third quarter of 2024 were unreliable and would need restatement, reflecting a revenue decrease of around $3.9 million. This revelation contributed to an additional drop in stock price, closing at $7.43 per share on August 11, 2025.

The turmoil continued when, on August 18, 2025, Quantum announced the resignation of Chief Financial Officer Lewis Moorehead amid ongoing internal reviews related to accounting practices. This information led to Quantum’s stock experiencing yet another fall, dropping to $6.83 per share by August 19, 2025, marking an 8.2% decrease following the news.

Pomerantz Law Firm's Legacy

For over 85 years, Pomerantz LLP has earned a reputation as a leader in corporate and securities class litigation. Whether it’s fighting against securities fraud or corporate malfeasance, Pomerantz has consistently been at the forefront, advocating for the rights of stakeholders. The firm has accomplished numerous multimillion-dollar recoveries for class members in the past, thereby holding organizations accountable for their actions.

With a presence in major cities like New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, Pomerantz combines legal expertise with a commitment to justice. The firm challenges corporations that undermine investor trust, ensuring that prominent offenders face the consequences of their misconduct.

Conclusion

Investors in Quantum Corporation should pay close attention to this class action lawsuit and consider joining the proceedings, as time is of the essence. The opportunity to protect one’s rights with Pomerantz LLP comes as the firm urges stakeholders affected by Quantum's potential fraud to speak up. For those who suffered losses during the turbulent market period for Quantum, now is the time to act.

For more details and to join the class action, interested investors can visit www.pomerantzlaw.com. Furthermore, it’s important to note that previous results do not guarantee equivalent outcomes in this case.

For any further inquiries, contact Danielle Peyton at Pomerantz LLP, as the firm is prepared to assist affected investors in navigating this critical situation.