Faruqi & Faruqi Reminds Quantum Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 3, 2025 - QMCO
Faruqi & Faruqi is investigating claims against Quantum Corporation (QMCO) and urges investors to act by November 3, 2025, regarding a class action lawsuit.Summary
Faruqi & Faruqi, LLP is investigating potential claims against Quantum Corporation (NASDAQ: QMCO) and is seeking a lead plaintiff for a federal securities class action lawsuit. The lawsuit alleges that Quantum Corporation made false and/or misleading statements regarding its revenue recognition and financial reporting, leading to the need to restate financial statements. Specifically, the firm claims the company improperly recognized revenue during the fiscal year ended March 31, 2025, and subsequently announced deficiencies in its internal controls. These disclosures caused significant drops in Quantum’s stock price on June 30, 2025 ($1.00 drop, 10.03%) and August 11, 2025 ($0.14 drop, 1.79%), and again on August 19, 2025 ($0.61 drop, 8.2%) following the CEO’s resignation. Investors who purchased Quantum Corporation securities between November 15, 2024, and August 18, 2025, are encouraged to contact Faruqi & Faruqi partner Josh Wilson by November 3, 2025, to discuss their legal options and potentially serve as lead plaintiff.
(Source：FinancialContent)