1. Rosen Law Firm investigates potential securities claims against Quantum Corporation. 2. Allegations suggest misleading business information impacted shareholder value. 3. CFO Lewis Moorehead resigned amid an internal accounting review. 4. Quantum's stock fell 8.2% after the CFO's resignation announcement. 5. A class action is being prepared for affected investors.
The resignation of the CFO amid an accounting review and class action news indicates instability; similarly, historical cases like Enron caused severe stock declines.
Investigations and class actions significantly affect investor confidence and stock performance.
Immediate effects from negative perceptions and investor actions are expected, as witnessed in past corporate scandals.
NEW YORK, Aug. 26, 2025 /PRNewswire/ --
Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Quantum Corporation (NASDAQ:QMCO) resulting from allegations that Quantum Corporation may have issued materially misleading business information to the investing public.
So What: If you purchased Quantum Corporation securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=43932 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
What is this about: On August 18, 2025, Quantum Corporation announced that Lewis Moorehead, the company's chief financial officer, had resigned amid an internal accounting review related to its revenue recognition practices.
On this news, Quantum's stock price fell $0.61 per share, or 8.2%, to close at $6.83 per share on August 19, 2025.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
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