Quantum(US:QMCO) Globenewswire·2025-10-15 20:22Core Viewpoint - A class action lawsuit has been filed against Quantum Corporation (QMCO) for allegedly making false statements and failing to disclose improper revenue recognition, leading to the need for restating financial statements [3][7]. Allegation Details - The lawsuit claims that Quantum Corporation improperly recognized revenue during the fiscal year ended March 31, 2025 [3]. - As a result of this improper recognition, Quantum will need to restate its previously filed financial statements for the fiscal third quarter ended December 31, 2024 [3]. - The defendants' statements regarding the company's business, operations, and prospects were materially false and misleading [3]. Next Steps - Investors who purchased Quantum shares between November 15, 2024, and August 18, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 3, 2025 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation [5]. - The firm has offices in New York, California, and South Carolina and handles cases in state and federal courts across the country [5].