INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Quantum Corporation of Class Action Lawsuit and Upcoming Deadlines - QMCO
Pomerantz Law Firm is investigating a class action lawsuit against Quantum Corporation (QMCO) regarding potential securities fraud.Summary
Pomerantz LLP has announced a class action lawsuit against Quantum Corporation (NASDAQ: QMCO) for alleged securities fraud. Investors who experienced losses are encouraged to contact the firm before November 3, 2025, to potentially become Lead Plaintiff. The lawsuit stems from several disclosures made by Quantum, beginning on June 30, 2025, when the company announced a delay in filing its Annual Report due to a review of revenue recognition practices, causing a 10.03% stock price drop. Further declines followed on August 8, 2025, with the announcement of a $3.9 million revenue restatement and material weaknesses in internal controls, and again on August 18, 2025, with the resignation of CFO Lewis Moorehead amid an ongoing accounting review. Pomerantz LLP, a leading firm in class litigation, is seeking to recover damages for affected investors.
(Source：FinancialContent)