Sign in Subscribe
Financial statements

Quantum Corporation Securities Class Action Investigation

Strategic Insights

— 2 min read

Faruqi & Faruqi, a leading national securities law firm, is investigating potential claims against Quantum Corporation ("Quantum Corporation" or the "Company") (NASDAQ: QMCO) and reminds investors of the November 3, 2025 deadline to seek the role of lead plaintiff in a federal securities class action filed against the Company. The lawsuit alleges that Quantum Corporation made false and/or misleading statements and/or failed to disclose that it improperly recognized revenue during the fiscal year ended March 31, 2025, which would require the restatement of its previously filed financial statements for the fiscal third quarter ended December 31, 2024.

The investigation focuses on the potential impact of these allegations on investors who purchased or acquired securities in Quantum Corporation between November 15, 2024, and August 18, 2025. Faruqi & Faruqi encourages those who suffered losses in Quantum Corporation to contact Josh Wilson directly at 877-247-4292 or 212-983-9330(Ext. 1310).

Key Takeaways:

  • Quantum Corporation allegedly made false and/or misleading statements and/or failed to disclose improper revenue recognition and the need to restate its financial statements.
  • The lawsuit claims investors suffered damages due to the disclosure of the revenue recognition issues and subsequent stock price decline.
  • The Court-appointed lead plaintiff is responsible for directing and overseeing the litigation on behalf of the putative class, with November 3, 2025, being the deadline to seek this role.
  • Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or choose to remain an absent class member.
  • Faruqi & Faruqi encourages anyone with information regarding Quantum Corporation's conduct to contact the firm, including whistleblowers, former employees, shareholders, and others.

Statistics:

  • The lawsuit claims Quantum Corporation rested its fiscal third-quarter financial statements, which would necessitate a decrease in revenue of approximately $3.9 million.
  • Quantum Corporation's stock price fell $1.00, or 10.03%, on June 30, 2025, following the initial announcement about its revenue recognition issues.
  • The stock price further declined by $0.14, or 1.79%, on August 11, 2025, following the disclosure of the financial statements' unreliability.
  • On August 18, 2025, Quantum Corporation announced the resignation of its CEO, causing an additional stock price decline of $0.61, or 8.2%.

Sources:

  • "Faruqi & Faruqi, LLP Securities Litigation Partner Encourages Investors Who Suffered Losses In Quantum Corporation To Contact Him Directly To Discuss Their Options"
  • "PRNewswire" (October 15, 2025)
  • Faruqi & Faruqi, LLP (https://www.faruqilaw.com/)
  • Attorney Advertising (https://www.faruqilaw.com/disclaimer/attorney-advertising/)

Read more