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Quantum Corporation Securities Class Action Lawsuit Investigation

Strategic Insights

— 2 min read

Investors who purchased or acquired securities in Quantum Corporation between November 15, 2024, and August 18, 2025, may be entitled to compensation. Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against the company and reminds investors of the November 3, 2025, deadline to seek the role of lead plaintiff in a federal securities class action. The firm is seeking to recover damages for investors who suffered losses as a result of the company's allegedly false and misleading statements.

Key Takeaways:

  • The lawsuit alleges that Quantum Corporation improperly recognized revenue during the fiscal year ended March 31, 2025, and restated its previously filed financial statements for the fiscal third quarter ended December 31, 2024.
  • The company's stock price fell significantly on several occasions due to the disclosure of accounting issues and restatements, including a 10.03% decline on June 30, 2025, and an 8.2% decline on August 19, 2025.
  • The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class, who directs and oversees the litigation on behalf of the putative class.
  • Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or choose to do nothing and remain an absent class member.
  • Faruqi & Faruqi, LLP is a leading national securities law firm with offices in New York, Pennsylvania, California, and Georgia, and has recovered hundreds of millions of dollars for investors since its founding in 1995.
  • The firm is seeking to recover damages for investors who suffered losses as a result of the company's allegedly false and misleading statements.
  • The class action lawsuit has been filed in federal district court in New York.

Statistics:

  • The company's stock price fell $1.00, or 10.03%, to close at $8.97 per share on June 30, 2025.
  • The stock price fell $0.14, or 1.79%, to close at $7.66 per share on August 11, 2025.
  • The stock price fell $0.61, or 8.2%, to close at $6.83 per share on August 19, 2025.
  • The putative class may seek to recover damages for investors who suffered losses as a result of the company's allegedly false and misleading statements.
  • The lead plaintiff is the investor with the largest financial interest in the relief sought by the class.

Sources:

  • GlobeNewswire, "Faruqi & Faruqi, LLP Announces Investigation of Quantum Corporation (NASDAQ: QMCO) Following Securities Class Action Lawsuit Filed in New York" (October 16, 2025)
  • Faruqi & Faruqi, LLP, "Investigation of Quantum Corporation (NASDAQ: QMCO) Securities Class Action Lawsuit" (October 16, 2025)
  • COMTEX_469565222/2010/2025-10-16T12:06:00 (photo)

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