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flag Quantum Corp. faces a class action lawsuit over alleged fraud from improper revenue reporting, leading to financial restatements and a drop in stock price.

flag A class action lawsuit has been filed against Quantum Corporation, alleging securities fraud due to improper revenue recognition practices that led to restatements of its 2024 third-quarter financials and revelations of material weaknesses in internal controls. flag The company delayed its annual report filing in June 2025 and disclosed a $3.9 million revenue reduction, triggering multiple stock price declines after the CFO’s resignation. flag Investors who bought Quantum stock between November 15, 2024, and August 18, 2025, may apply to be lead plaintiff by November 3, 2025.

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