Quantum(US:QMCO) Globenewswire·2025-11-02 20:42Core 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 period [3][7]. Allegation Details - The lawsuit claims that Quantum Corporation improperly recognized revenue for the fiscal year ending March 31, 2025 [3]. - It is stated that 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 are alleged to be materially false and misleading [3]. Next Steps for Investors - Investors who purchased Quantum shares 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 specializes in commercial and securities litigation [5].