NEW YORK –Bragar Eagel & Squire, P.C. is investigating potential claims against Quantum Corporation (NYSE: QTM). Our investigation concerns whether Quantum has violated the federal securities laws and/or engaged in other unlawful business practices.
On February 8, 2018, Quantum announced that it was postponing the release of its fiscal third quarter 2018 results in order to complete an investigation into accounting matters and related internal controls that was raised in response to a recent inquiry by the Securities and Exchange Commission (SEC). The Company further disclosed that on January 11, 2018, Quantum received a subpoena from the SEC regarding its accounting practices and internal controls related to revenue recognition for transactions commencing April 1, 2016.
Following these disclosures, the stock price of Quantum has fallen during intraday trading.
If you purchased or otherwise acquired Quantum shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Quantum Corporation, please go to http://www.bespc.com/quantum. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.