Investor Alert: Kaplan Fox Announces Investigation Of Quantum Corporation

NEW YORK, Feb. 12, 2018 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Quantum Corporation ("Quantum" or the "Company") (NYSE: QTM).  Investors who purchased shares of Quantum common stock may be affected.

On February 8, 2018 before the market opened, Quantum disclosed that on January 11, 2018 the Company received a subpoena from the Securities and Exchange Commission (SEC) regarding its "accounting practices and internal controls related to revenue recognition for transactions commencing April 1, 2016."  The receipt of the SEC subpoena prompted Quantum's audit commit to begin an independent investigation with the assistance of independent advisors, which is currently in process.  As a result of these developments, Quantum also announced that "it is postponing release of its fiscal third quarter 2018 results and its earnings conference call," scheduled for February 8, 2018.

Following the February 8, 2018 disclosures, the price of Quantum's common stock significantly declined by over 30% in midday trading.

If you are an investor in Quantum and would like to discuss our investigation, please contact us by emailing [email protected] or by calling 800-290-1952. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP

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