The Schall Law Firm, a national shareholder rights litigation firm, is leading a class action lawsuit against Quantum Corporation (QMCO) alleging violations of federal securities laws. The lawsuit claims Quantum made misleading statements to the market.
The alleged misrepresentations pertain to Quantum’s revenue recognition during the fiscal year ending March 31, 2025. The company subsequently had to revise its past financial reports to correct errors in its accounting.
This correction, according to the complaint, revealed that Quantum’s previous public statements were materially inaccurate throughout a specified period. Investors who bought QMCO securities during this time allegedly suffered financial losses as a result of this alleged misrepresentation.
The class action lawsuit covers investors who purchased Quantum Corporation securities between November 15, 2024, and August 18, 2025. The Schall Law Firm is encouraging anyone who believes they suffered losses during this period to contact them before November 3, 2025.
The firm has provided contact information for those wishing to learn more about their rights. Interested parties can reach out to Brian Schall at the Schall Law Firm in Los Angeles, California, either by phone or email. The firm’s website also offers additional resources.
It is important to note that the class in this case has not yet been certified. Until certification occurs, affected investors are not automatically represented by an attorney. Those who choose not to participate can remain as absent class members.
The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors globally. The firm emphasizes that this press release might constitute attorney advertising in certain jurisdictions.
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