Pomerantz Law Firm Alerts Investors About Quantum Corporation Class Action Lawsuit and Important Deadlines

Investor Alert: Class Action Lawsuit Against Quantum Corporation

Pomerantz LLP, a prominent law firm based in New York, has announced the initiation of a class action lawsuit against Quantum Corporation (NASDAQ: QMCO). This legal action is directed at investors who have experienced losses linked to their investment in Quantum.

As stated in the announcement, individuals who believe they qualify to participate in this class action are encouraged to reach out to Danielle Peyton at Pomerantz. Interested parties can contact her via email at [email protected] or call 646-581-9980. It’s advised that those who reach out include essential information such as their mailing address, phone number, and the number of shares they acquired during the class period, which is crucial for establishing their standing in the lawsuit.

Background on the Lawsuit

The class action primarily addresses allegations that Quantum Corporation, alongside various officers and directors, may have engaged in securities fraud and other unlawful business practices. This assertion comes at a time when investor confidence has been shaken by recent disclosures from the company.

Investors have until November 3, 2025, to request the court appoint them as Lead Plaintiff if they purchased Quantum securities during the designated time frame. For those interested in obtaining a copy of the filed complaint, further information can be found on the Pomerantz Law Firm's website at www.pomerantzlaw.com.

Recent Developments Impacting Quantum's Stocks

The situation surrounding Quantum has deteriorated significantly following disclosures made in June 2025. The company informed the U.S. Securities and Exchange Commission (SEC) that it required additional time to file its Annual Report, as it was reevaluating its revenue recognition accounting methods. This announcement provoked a notable response in the stock market—a drop of $1.00 per share, representing a 10.03% decline, closing at $8.97 per share on July 1, 2025.

The troubles continued for Quantum when, on August 8, 2025, the company filed a report with the SEC stating that its financial reports for the third quarter of 2024 were unreliable. Quantum disclosed an impending restatement that revealed a $3.9 million decrease in revenue, along with issues surrounding its internal financial controls. Following this news, Quantum's stock dipped further, decreasing $0.14 per share, or 1.85%, and closing at $7.43 per share on August 11, 2025.

Adding to the turmoil, on August 18, 2025, the company announced the resignation of Chief Financial Officer Lewis Moorehead as part of an internal accounting review encompassing revenue recognition practices. The market reacted yet again, leading to a fall of $0.61 per share, or 8.2%, resulting in a closing price of $6.83 per share on August 19, 2025.

About Pomerantz LLP

Pomerantz LLP's reputation in corporate, securities, and antitrust class litigation is well established. Founded by the late Abraham L. Pomerantz, noted as a significant figure in the class action community, the firm has consistently pursued justice for victims of securities fraud and corporate misconduct. Now, more than 85 years since its inception, Pomerantz continues to advocate for those facing securities issues, aiming to recover substantial damages for class members.

As this class action unfolds, affected investors are encouraged to keep abreast of developments and consider their options in light of the emerging details concerning Quantum Corporation's operations and financial disclosures.

For more information on this class action or to register your interest, reach out to Pomerantz LLP directly through their provided contact details.