Quantum Corporation

Case Overview
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 11/03/2025 |
Status: | Status: Investigating |
Company Name: | Company Name: Quantum Corporation |
Court: | Court: District of Colorado |
Case Number: | Case Number: 1:25cv02770 |
Class Period: | Class Period: 11/15/2024 - 08/18/2025 |
Ticker: | Ticker: QMCO |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Quantum Corporation improperly recognized revenue during the fiscal year ended March 31, 2025; (2) Quantum Corporation would therefore need to restate its previously filed financial statements for the fiscal third quarter ended December 31, 2024; and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.