Pomerantz Law Firm Warns Investors of Quantum Corporation Class Action Lawsuit

Investor Alert: Class Action Lawsuit Against Quantum Corporation

The Pomerantz Law Firm has issued a crucial alert to investors regarding a class action lawsuit against Quantum Corporation (NASDAQ: QMCO). This legal action arises in light of significant losses incurred by investors and allegations of potential securities fraud by the company’s management.

Background of the Case

Investors who experienced losses during the designated Class Period are encouraged to act swiftly. The lawsuit challenges whether Quantum and certain executives have engaged in securities fraud or other unlawful business practices, a situation that has led to decreased stock prices and investor confidence.

On June 30, 2025, Quantum revealed to the U.S. Securities and Exchange Commission (SEC) that it would delay filing its Annual Report due to a review of its revenue recognition accounting methods. This announcement resulted in Quantum's stock plummeting by over 10%, causing shareholders considerable concern.

Subsequent disclosures by the company exacerbated the situation. On August 8, 2025, Quantum disclosed to the SEC that its financial statements for Q3 2024 were unreliable and would necessitate a restatement, indicating a revenue decrease of nearly $3.9 million. This revelation contributed to a further decline in share price, evidencing the market's reaction to deteriorating trust in the company’s financial integrity.

The situation escalated with the resignation of Quantum’s Chief Financial Officer, Lewis Moorehead, following an internal review concerning the company's revenue recognition and financial reporting practices. Following this news, Quantum's shares fell once more, reaching alarming lows.

What Investors Should Do

Investors impacted by these issues must respond promptly. They have until November 3, 2025, to petition the court to appoint them as Lead Plaintiff in the lawsuit. Pomerantz LLP is inviting those affected by these developments to reach out for more detailed information and next steps they can take.

For further details, investors can contact Danielle Peyton at [email protected] or call 646-581-9980, extension 7980. It’s crucial to include personal contact information and the number of shares affected in inquiries to facilitate effective communication.

The Role of Pomerantz LLP

Pomerantz LLP has established itself as a leading law firm specializing in corporate, securities, and antitrust litigation. With a history spanning over 85 years, the firm has built a reputation for vigorously pursuing the rights of victims impacted by securities fraud and corporate misconduct. They have successfully recovered substantial awards on behalf of investors whenever possible.

As this case progresses, Pomerantz LLP stands ready to assist affected shareholders in navigating the complexities of legal procedures and ensuring their voices are heard in the court system.

Conclusion

In light of these troubling revelations regarding Quantum Corporation, it is imperative for investors to stay informed and take action. The timeline for involvement in the class action is critical, and those who have encountered losses should seek legal counsel immediately to explore their rights and options in this unfolding scenario. For more information, please visit Pomerantz Law Firm’s Official Site.