Investigation Launched Against Quantum Corporation by Portnoy Law Firm
Quantum Corporation Under Investigation for Alleged Securities Fraud
In a series of developments, Quantum Corporation has found itself under investigation for alleged securities fraud. The Portnoy Law Firm, a firm specialising in representing investors pursuing claims caused by corporate wrongdoing, is currently investigating the case.
On August 18, 2025, Quantum announced the resignation of its Chief Financial Officer Lewis Moorehead amid an internal accounting review related to its revenue recognition practices. This announcement followed a disclosure on June 30, 2025, where Quantum revealed it would postpone the filing of its Annual Report due to a review of its revenue recognition accounting practices.
On August 8, 2025, Quantum announced that its financials for the third quarter of 2024 could not be relied upon, would be restated, and showed a new decrease of approximately $3.9 million in revenue. As a result, Quantum's stock price fell $0.61 per share, or 8.2%, on August 19, 2025, and $1.00 per share, or 10.03%, on July 1, 2025. The stock price also dropped $0.14 per share, or 1.85%, on August 11, 2025, after the announcement.
Lesley F. Portnoy, Esq., a founding partner of the Portnoy Law Firm, is available for contact by investors who may have lost money on their investment in Quantum Corporation. Investors can reach out to Lesley by phone at 844-767-8529 or email at [email protected]. Alternatively, they can visit the firm's website at www.portnoylaw.com for more information.
Lesley F. Portnoy, who is admitted to practice law in California, New York, and Texas, has recovered over $5.5 billion for aggrieved investors. It is important to note that prior results do not guarantee similar outcomes for future clients. The Portnoy Law Firm provides a complimentary case evaluation and discusses investors' options for pursuing claims to recover their losses.
Investors who wish to join the case can do so via the website: https://portnoylaw.com/quantum-corporation. The statement "Attorney advertising" indicates that the provided information is promotional material for legal services.
The Portnoy Law Firm is committed to helping investors who have suffered losses due to corporate misconduct. If you believe you have a case related to Quantum Corporation, do not hesitate to contact Lesley F. Portnoy, Esq. for a confidential discussion about your potential claims.
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