QUANTUM CORPORATION SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Dead...
24 March 2018 - 1:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until April 16, 2018 to file lead
plaintiff applications in a securities class action lawsuit against
Quantum Corporation (NYSE: QTM), if they purchased the Company’s
securities between May 10, 2016 and February 7, 2018, inclusive
(the “Class Period”). This action is pending in the United States
District Court for the Northern District of California.
Get Help
Quantum investors should visit us at
https://www.claimsfiler.com/cases/view-quantum-corporation-securities-litigation-1
or call to speak to our claim center toll-free at (844)
367-9658.
About the Lawsuit
Quantum and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On February 8, 2018, pre-market opening, the Company revealed
that it was postponing the release of its Q3 2018 results due to an
ongoing internal investigation by its audit committee stemming from
a subpoena received on January 11, 2018 from the Securities and
Exchange Commission relating to the Company’s “accounting practices
and internal controls related to revenue recognition for
transactions commencing April 1, 2016.”
On this news, the price of Quantum’s shares plummeted nearly
30%, to close at $3.90 per share on February 8, 2018.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com