Le Lézard
Classified in: Business
Subject: ATY

QUANTUM CORPORATION SHAREHOLDER ALERT: CLAIMSFILER Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Quantum Corporation - QTM


NEW ORLEANS, March 16, 2018 /PRNewswire/ -- 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.

 

SOURCE ClaimsFiler


These press releases may also interest you

at 07:35
PHINIA Inc. , a leader in premium fuel systems, electrical systems and aftermarket parts, will report first quarter 2024 results on Thursday, April 25, 2024. PHINIA's earnings press release, earnings presentation and other materials will be available...

at 07:35
Consolidated copper production is expected to average 153,000i tonnes per year over the next three years, representing a 16% increase from 2023 and demonstrating Hudbay's strong and stable operating portfolio with three long-life operations in...

at 07:30
AGF Investments Inc. (AGF Investments)  today announced the proposed termination of AGF Global Opportunities Bond ETF (ticker: AGLB), AGF Systematic Canadian Equity ETF (ticker: QCD) and AGF Systematic Emerging Markets Equity ETF (ticker: QEM) (each...

at 07:30
Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") today released its annual consolidated financial results. HIGHLIGHTS Revenue for 2023 was $48.5 million compared to $49.9 million the prior year, due to weakness in the Canadian...

at 07:30
Hakluyt, the global strategic advisory firm for businesses and investors, recorded another period of robust financial growth in the year ending 30 June 2023, expanding its core advisory business while investing for the future. The firm's financial...

at 07:30
Vizcom, a company deploying AI to transform the future of industrial design, announced today that it has raised $20 million in Series A funding. The round was led by Index Ventures with participation from a high-profile roster of angel investors,...



News published on and distributed by: