Class Action Filed Against Quantum Corporation: Important Investor Information and Deadlines

Investor Alert: Class Action Lawsuit Against Quantum Corporation

The Pomerantz Law Firm has announced an important development for investors in Quantum Corporation (NASDAQ: QMCO), as a class action lawsuit has been filed against the company. This litigation highlights allegations of securities fraud and possible business misconduct by the company and its executives, which may have led to significant losses for investors.

The law firm urges any shareholders who have suffered losses due to their investment in Quantum to contact them as soon as possible. Interested investors should reach out to Danielle Peyton via email at [email protected] or call 646-581-9980. If contacting by email, it is recommended to include your mailing address, phone number, and the number of shares purchased for the record.

Investors should be aware that the deadline to request leading plaintiff status in this class action is set for November 3, 2025. This represents an essential opportunity for affected investors to become actively involved in the lawsuit and to seek restitution for their losses. Detailed information regarding the lawsuit is available at Pomerantz Law Firm's website for those interested in joining the action.

Background on Quantum Corporation

On June 30, 2025, Quantum Corporation revealed that it would delay the submission of its Annual Report. The delay was due to the company's reevaluation of its revenue recognition accounting practices, which raised concerns among investors and analysts alike. Following this announcement, Quantum's stock experienced a sharp decline, losing $1.00 per share or 10.03% by the market close on July 1, 2025.

Subsequently, Quantum faced further scrutiny when, on August 8, 2025, it filed a report with the U.S. Securities and Exchange Commission (SEC). This report indicated that its financial data for the third quarter of 2024 would need to be restated and could not be deemed reliable. The restatement revealed a revenue decrease of approximately $3.9 million, which added to the fears surrounding the company’s financial health. Quantum’s internal controls regarding its financial reporting were also called into question, with a declaration of material weaknesses as of the end of December 2024 and March 31, 2025.

The fallout from these revelations continued when, on August 18, 2025, Quantum announced the resignation of its Chief Financial Officer, Lewis Moorehead. This resignation was part of an ongoing internal investigation linked to the company's revenue recognition practices, which further exacerbated the negative perceptions surrounding the company's stability. Following this news, the stock price again fell by $0.61 per share or 8.2%, closing at $6.83 per share on August 19, 2025.

What This Means for Investors

For investors who purchased Quantum securities during the class period, the timing of these events serves as a stark reminder of the risks associated with investing in publicly traded companies that may engage in questionable business practices or experience financial limitations. The class action lawsuit represents an opportunity for investors to claim a portion of damages possibly awarded during the proceedings if they are identified as eligible class members.

Pomerantz LLP has established itself over the past 85 years as a leader in the field of securities class actions. Headquartered in New York with offices in major cities, including Chicago, Los Angeles, and London, the firm is dedicated to advocating for victims of securities fraud and corporate misconduct. With a history of recovering substantial damages for class members, investors can trust Pomerantz to tirelessly work on their behalf to maximize potential recoveries in the Quantum Corporation case.

In conclusion, affected investors are strongly encouraged to stay informed of their rights and the proceedings of this class-action suit. Engaging with the Pomerantz Law Firm could provide a pathway to potential financial restitution during this tumultuous period for Quantum Corporation.