Quantum Corporation (NASDAQ: QMCO)

This lawsuit is for anyone who acquired securities in Quantum Corporation (NASDAQ: QMCO) from November 15, 2024 through August 18, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company adhered to standard accounting practices but then by failing to adhere to such practices.

On June 30, 2025, Quantum disclosed that it would be unable to timely file its annual financial report for the fiscal year 2025 as it is “reviewing its accounting related to certain revenue contracts as well as the application of standalone selling price under applicable accounting standards.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on August 8, 2025, after the market closed, the Company announced that investors could no longer rely on the Company’s 2024 financial statements as the Company found deficiencies in its internal controls. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Finally, on August 18, 2025, after the market closed, the Company announced the resignation of its CFO. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Quantum Corporation (NASDAQ: QMCO) from November 15, 2024 through August 18, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.