PHILADELPHIA, Feb. 8, 2018 /PRNewswire/ -- Kehoe Law Firm, P.C.
is investigating potential securities claims on behalf of
purchasers of the securities of Quantum Corporation (NYSE: QTM)
resulting from allegations that Quantum may have issued materially
misleading business information to the investing public.
On February 8, 2018, Quantum, "a
leading expert in scale-out tiered storage, archive and data
protection," announced that it received a subpoena from the
Securities and Exchange Commission on January 11, 2018 regarding its accounting
practices and internal controls related to revenue recognition for
transactions commencing April 1,
2016. Quantum further stated it was postponing the release
of its fiscal third quarter 2018 results and earnings conference
call so that its audit committee could complete an investigation
into Quantum's accounting matters and related internal
controls.
On this news, the price of Quantum stock shares fell sharply
during intraday trading on February 8,
2018.
Quantum Corporation Investors: If you purchased shares of
Quantum and have questions or concerns about the securities
investigation or your potential legal rights, please visit
https://kehoelawfirm.com/active-investigations/quantum-shareholder-alert
or contact John A. Kehoe, Esq.,
(215) 792-6676, Ext. 801, jkehoe@kehoelawfirm.com or e-mail
info@kehoelawfirm.com.
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law
firm dedicated to protecting investors and consumers from corporate
fraud, negligence, and other wrongdoing.
CONTACT: John A. Kehoe,
Esq., Kehoe Law Firm, P.C., info@kehoelawfirm.com
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