QMCO Stockholder Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Quantum Corporation

Core Viewpoint - A class action lawsuit has been filed against Quantum Corporation (NASDAQ: QMCO) due to allegations of deficiencies in its internal control over financial reporting, leading to improper revenue recognition and the need to restate financial statements [1][2]. Group 1: Allegations and Financial Impact - The complaint alleges that Quantum Corporation improperly recognized revenue during the fiscal year ended March 31, 2025, necessitating a restatement of previously filed financial statements for the fiscal third quarter ended December 31, 2024 [2]. - On August 8, 2025, Quantum Corporation announced that its 3Q24 financials could not be relied upon and would be restated, indicating a decrease of approximately $3.9 million in revenue [3]. - The company disclosed material weaknesses in its internal control over financial reporting and disclosure controls as of December 31, 2024, and March 31, 2025 [3]. Group 2: Management Changes - Following the financial disclosures, Quantum Corporation announced the resignation of its CFO on August 18, 2025, after holding the position for less than five months [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against Quantum Corporation, with options to serve as lead plaintiff or remain an absent class member [4].