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Class action lawsuits

Quantum Corporation Faces Class Action Lawsuit for Securities Act Violations

Strategic Insights

— 1 min read

Investors who purchased Quantum Corporation's securities between November 15, 2024, and August 18, 2025, may be eligible to join a class action lawsuit against the company for alleged Securities Act violations. Quantum's improper revenue recognition during the fiscal year ending March 31, 2025, led to the restatement of prior financial statements, resulting in false and misleading public statements. The company's errors damaged investors when the truth was revealed.

Key Takeaways:

  • A class action lawsuit has been filed against Quantum Corporation for allegedly violating Securities Exchange Act of 1934 and Rule 10b-5.
  • The lawsuit involves investors who purchased Quantum's securities between November 15, 2024, and August 18, 2025.
  • The company's improper revenue recognition led to the restatement of prior financial statements, resulting in false and misleading public statements.
  • Quantum was forced to restate its financial statements due to the error, which caused investor damages when the truth was revealed.
  • The class, in this case, has not yet been certified, and investors can choose to take no action and remain absent class members.
  • The Schall Law Firm represents investors worldwide and specializes in securities class action lawsuits and shareholder rights litigation.

Statistics:

  • 90 days: duration of the class period, from November 15, 2024, to August 18, 2025 (inclusive).
  • 310-301-3335: phone number to contact Brian Schall of the Schall Law Firm for a free consultation.
  • 2049 Century Park East, Suite 2460: address of the Schall Law Firm's office in Los Angeles, CA 90067.
  • 10(b) and 20(a) of the Securities Exchange Act of 1934: sections allegedly violated by Quantum Corporation.
  • Rule 10b-5 promulgated by the U.S. Securities and Exchange Commission: rule allegedly violated by Quantum Corporation.

Sources:

  • The Schall Law Firm press release, October 13, 2025.
  • The Schall Law Firm website.
  • Schall Law Firm email: bschall@schallfirm.com.

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