Filing of Securities Class Action Lawsuit Vs. Quantum

Federman & Sherwood announces that, on February 13, 2018, a class action lawsuit was filed in the United States District Court for the Northern District of California against Quantum Corporation.

The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the class period, which is July 27, 2016 through February 7, 2018.

Plaintiff seeks to recover damages on behalf of all Quantum’s shareholders who purchased common stock during the class period and are therefore a member of the class as described above.