#USA #New York #class action lawsuit #Pomerantz Law Firm #Quantum Corporation

Pomerantz Law Firm Issues Investor Alert on Quantum Corporation

Overview

The Pomerantz Law Firm has issued an urgent announcement for investors regarding a class action lawsuit filed against Quantum Corporation (NASDAQ: QMCO). This alert serves as an important reminder for those who may have experienced losses related to their investment in the company. The firm encourages affected investors to get in touch to discuss their options and the deadlines they need to be aware of.

Details of the Class Action Lawsuit

The lawsuit against Quantum Corporation addresses allegations of securities fraud and other illegal business practices that might have involved various officers and directors of the company. Investors are urged to contact Danielle Peyton at Pomerantz LLP to learn more about the lawsuit and their potential involvement in it. As per the law firm, inquiries should include pertinent personal information such as mailing addresses, phone numbers, and details on the number of shares acquired during a specified class period.

Key Deadlines

Investors considering becoming Lead Plaintiffs have until November 3, 2025, to submit their requests. The case centers on a troubling series of disclosures from Quantum Corporation, which began with a June 30, 2025, filing with the U.S. Securities and Exchange Commission (SEC). In this filing, Quantum stated that it would delay the submission of its Annual Report due to a review of its revenue recognition practices. This revelation led to an immediate drop in the company's stock price, which fell by over 10% in a single trading day.

Financial Discrepancies and Stock Impact

Further exacerbating the situation, on August 8, 2025, Quantum issued another report indicating that its financial statements for the third quarter of 2024 could not be trusted, necessitating a restatement that would reflect a revenue decrease of roughly $3.9 million. Additionally, the company recognized significant deficiencies in its internal control of financial reporting. This announcement caused yet another decline in the stock's value.

Most recently, on August 18, 2025, Quantum reported the resignation of its Chief Financial Officer, Lewis Moorehead, due to ongoing internal investigations concerning revenue recognition practices. Following this news, the stock dropped once again, indicating growing investor concern and uncertainty surrounding the company's financial health.

About Pomerantz LLP

Founded by the late Abraham L. Pomerantz, known as the 'dean of the class action bar,' Pomerantz LLP has established a strong reputation in the areas of corporate and securities law. With decades of experience, the firm has actively fought for the rights of those affected by securities fraud and corporate misconduct, successfully obtaining significant damages on behalf of its clients.

This pivotal moment in the history of Quantum Corporation calls for all investors to stay informed and engaged as developments unfold. Pomerantz LLP is committed to ensuring that investors' rights are protected and that they have access to the necessary resources to navigate this legal landscape effectively.

For additional inquiries, or to learn more about participating in the class action, potential claimants should reach out directly to the firm via their secure contact methods.

Conclusion

As the situation progresses, it is crucial for investors in Quantum Corporation to remain vigilant and proactive. The Pomerantz Law Firm is on hand to provide assistance as needed, reinforcing its position as a leader in the legal fight against corporate fraud and malpractice. It is imperative to meet the deadlines set out by the Court and ensure that your voice is heard in this significant class action lawsuit.