Quantum(US:QMCO) Globenewswire·2025-10-09 22:41Core Viewpoint - Rosen Law Firm is reminding investors who purchased Quantum Corporation securities between November 15, 2024, and August 18, 2025, of the upcoming lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Quantum Corporation securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must file with the Court by November 3, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that Quantum Corporation made false and misleading statements regarding its revenue recognition for the fiscal year ending March 31, 2025, necessitating a restatement of financial statements for the fiscal third quarter ended December 31, 2024 [5]. - As a result of these misstatements, the defendants' claims about the company's business and prospects were materially false and misleading, leading to investor damages when the truth was revealed [5].