GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF QUANTUM CORPORATION (NASDAQ: QMCO) SHAREHOLDERS
Grabar Law Office is investigating claims on behalf of shareholders of Quantum Corporation (NASDAQ: QMCO). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.
Quantum Corporation provides solutions for artificial intelligence (AI) and unstructured data. The Company's data platform has allowed customers to extract the maximum value from their unstructured data. From high-performance ingest that powers AI applications and demanding data-intensive workloads, to massive, durable data lakes to fuel AI models, the Company delivers comprehensive solutions. It specializes in solutions for video, images, audio, and other large files. Its portfolio of products includes primary storage software and systems, secondary storage software and systems, as well as devices and media. Its products and services include high-performance platforms, Al-enabled workflow management, data protection and archiving, and services. Its high-performance platforms include Myriad all-flash file and object storage, StorNext file system, and ActiveScale object storage. Its Al-enabled workflow management includes CatDV media asset management and cloud-based analytics.
As alleged in a recently filed federal securities fraud class action complaint, Quantum Corporation (NASDAQ: QMCO), through certain of its officers, made false and/or misleading statements and/or failed to disclose that: (1) Quantum improperly recognized revenue during the fiscal year ended March 31, 2025; (2) as a result, Quantum would need to restate its previously filed financial statements for the fiscal third quarter ended December 31, 2024; and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
WHAT YOU CAN DO NOW: If you purchased Quantum Corporation (NASDAQ: QMCO) shares prior to November 15, 2024, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. If you purchased or otherwise acquired Quantum Corporation securities between November 15, 2024, and August 18, 2025, inclusive (the “Class Period”), you may participate in the class action.