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.
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