Investors Urged to Act as Deadline Approaches for Quantum Corporation Claims

As the deadline for filing claims against Quantum Corporation approaches, investors are sounding the alarm. Faruqi & Faruqi, LLP, a well-regarded national securities law firm, is currently investigating potential claims on behalf of individuals who have suffered financial losses exceeding $75,000 in relation to Quantum Corporation during the period from November 15, 2024, to August 18, 2025.

Faruqi & Faruqi's Securities Litigation Partner, James (Josh) Wilson, encourages any investors affected by this situation to contact him directly to discuss their legal options. Interested parties can reach out via phone at 877-247-4292 or 212-983-9330 (Ext. 1310). The firm reminds potential claimants that the final date to assume the role of lead plaintiff in a federal securities class action lawsuit is November 3, 2025.

This investigation comes in the wake of serious allegations against Quantum Corporation, which trades under the NASDAQ symbol QMCO. The claims suggest that the company knowingly issued false or misleading statements, particularly concerning its financial reporting and operational forecasts. Notably, it was revealed that Quantum improperly recognized revenue during its fiscal year ending March 31, 2025, prompting a requirement to restate previously submitted financial data for the third quarter of fiscal 2024.

The financial troubles for Quantum Corporation escalated after the company disclosed that it was unable to timely file its annual financial report due to ongoing reviews of its accounting related to certain revenue contracts. This disclosure had a significant impact on the company’s stock price, which saw a sharp decline of about 10.03% in value, closing at $8.97 per share shortly thereafter.

Further complicating matters, on August 8, 2025, Quantum issued another announcement indicating that its financial statements for the third quarter of 2024 “should no longer be relied upon” after acknowledging significant deficiencies in its internal controls and disclosures. This alarming news led to an additional drop in stock price, ultimately leading to a reported financial decline of approximately $3.9 million in revenue.

In light of these troubling developments, the resignation of the company's CEO merely five months into the role on August 18, 2025, only compounded investor injuries, as the stock price fell by another 8.2% to close at $6.83 per share following this announcement.

Faruqi & Faruqi, LLP has a strong track record, having secured recoveries amounting to hundreds of millions of dollars for investors since their inception in 1995. They remain committed to assisting affected individuals in pursuing their rights in the face of malpractice by corporate entities.

Any investor or former employee with pertinent information regarding Quantum Corporation's conduct is encouraged to get in touch with the firm. Participants can either opt to pursue the role of lead plaintiff actively or choose to remain a part of the group without taking on leadership.

To explore more about the Quantum Corporation class action and to determine whether your situation aligns with the allegations, visit Faruqi & Faruqi's website or contact Josh Wilson directly using the provided contact numbers. Keep in mind that your eligibility to receive any financial recovery after legal proceedings will not be affected by your participation as a lead plaintiff or otherwise.

Given the unfolding developments surrounding Quantum Corporation, investors are advised to act quickly and prudently to ensure their rights are protected within the appropriate legal time frame. With November 3, 2025, fast approaching, there remains limited time to evaluate your claim and decide on the best course of action.