Quantum(US:QMCO) Globenewswireยท2025-10-11 15:18Core Points - A class action lawsuit has been filed against Quantum Corporation (NASDAQ: QMCO) for allegedly making false and misleading statements regarding its financial practices [3][7] - The lawsuit claims that Quantum improperly recognized revenue for the fiscal year ended March 31, 2025, necessitating a restatement of financial statements for the fiscal third quarter ended December 31, 2024 [3][7] - Investors who acquired Quantum securities between November 15, 2024, and August 18, 2025, are encouraged to contact the law firm Bragar Eagel & Squire for potential legal recourse [4][7] Allegation Details - The lawsuit alleges that Quantum Corporation's statements about its business, operations, and prospects were materially false and misleading due to improper revenue recognition [3] - The failure to disclose these issues resulted in damages to investors when the true details became public [3] Next Steps - Investors who suffered losses and wish to learn more about the claims or have questions are advised to contact the law firm directly [4] - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 3, 2025 [7]