#USA #Class Action #Los Angeles #Securities Fraud #Quantum Corporation

Quantum Corporation: Investors Take a Stand

In a recent development concerning Quantum Corporation (NASDAQ: QMCO), shareholders who have suffered losses are being given a critical opportunity to join a class action lawsuit regarding securities fraud. The Law Offices of Frank R. Cruz, based in Los Angeles, has announced that affected investors can take the lead in this lawsuit, aimed at holding the company accountable for alleged misleading financial practices.

Overview of the Allegations

The lawsuit focuses on claims that between November 15, 2024, and August 18, 2025, Quantum Corporation failed to disclose crucial financial information that misled investors. Specifically, the complaint argues that:
1. Quantum improperly recognized revenue during the fiscal year ending March 31, 2025.
2. This led to the need for the company to restate its previously issued financial statements for the third quarter of that fiscal year.
3. As a result, the positive assertions made by the company's executives about its business operations and future prospects were misleading or lacked a reasonable basis.

These allegations highlight potential risks that shareholders faced regarding their investments in Quantum Corporation, raising concerns about the transparency of its financial practices and the management's accountability.

The Class Action Opportunity

Eligible investors are urged to participate in this class action lawsuit, especially those who incurred losses related to their investments in Quantum Corporation. The deadline for potential lead plaintiffs to come forward is November 3, 2025. Navigating through legal complexities can often be a daunting task, and thus, affected shareholders are encouraged to discuss their circumstances with legal counsel.

For those interested in pursuing this option, you can reach out to the Law Offices of Frank R. Cruz for more information on how to proceed or simply for guidance regarding your rights as a shareholder. You don't need to act immediately; joining as a member of the class action can be a passive step, allowing investors to remain informed without necessarily taking immediate action.

Contact Information

Should you wish to learn more about participating in this lawsuit or have questions regarding your rights in connection with this matter, the Law Offices of Frank R. Cruz have provided several ways to connect:

• - Email: [email protected]
• - Phone: +1-310-914-5007
• - Website: www.frankcruzlaw.com

Make sure to provide your contact information, including your mailing address and number of shares purchased, when you reach out.

Conclusion

This potential securities fraud lawsuit against Quantum Corporation represents a significant moment for shareholders who were misled about the company's financial standing. It is essential for affected investors to be proactive in understanding their rights and opportunities for legal recourse in order to navigate this situation effectively. Whether you decide to participate actively or wish to remain an absent member of the class, keep yourself informed and ready to act as necessary. The firm of Frank R. Cruz stands ready to assist shareholders in this challenging time, ensuring that their voices are heard and considered.