Quantum(US:QMCO) Globenewswireยท2025-10-25 14:33Core 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 Corporation is required 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, lacking a reasonable basis at all times [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]. - There is no cost or obligation for investors to inquire about their potential claims [4]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across state and federal courts [5].