Quantum(US:QMCO) Globenewswire·2025-10-29 21:11Core Viewpoint - A class action lawsuit has been filed against Quantum Corporation (QMCO) for allegedly making false statements regarding its revenue recognition and financial statements, leading to investor losses during the specified class period [3][7]. Allegation Details - The lawsuit claims that Quantum Corporation improperly recognized revenue for the fiscal year ending March 31, 2025 [3]. - As a result of this improper recognition, Quantum will need to restate its financial statements for the fiscal third quarter ending December 31, 2024 [3]. - The defendants' statements about the company's business, operations, and prospects were materially false and misleading, lacking a reasonable basis [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 across the United States [5].