If you have held Quantum shares continuously since prior to November 15, 2024, you may have standing to seek corporate governance reforms at Quantum, including improvements to internal controls, transparency, and executive oversight.

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Complaint Allegations
A pending securities class action complaint alleges that Quantum and certain of its executives made materially false and misleading statements, and/or failed to disclose material adverse facts, concerning the Company’s revenue recognition practices and financial reporting. According to the complaint, Quantum allegedly improperly recognized revenue during the fiscal year ended March 31, 2025, and as a result, the Company would need to restate previously issued financial statements for the fiscal third quarter ended December 31, 2024. The complaint further alleges that, because of these issues, defendants’ statements about Quantum’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis. When the alleged truth was disclosed, investors allegedly suffered losses.