Quantum (QTM) Alert: Johnson Fistel Investigates Quantum Corporation Following SEC Investigation; Encourages Investors to Contact the Firm
SAN DIEGO, Feb. 8, 2018 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Quantum Corporation (NYSE: QTM) ("Quantum") and certain of its officers. Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses and multi-national enterprises in the Americas, Europe, and the Asia Pacific.
On February 8, 2018, Quantum announced that it received a subpoena from the SEC on January 11, 2018, regarding its accounting practices and internal controls related to revenue recognition for transactions. As a result, Quantum is postponing the release of its fiscal third quarter 2018 results and earnings conference call. Following this news, shares of Quantum have plummeted in early morning trading on February 8, 2018.
If you have information that could assist in this investigation, including past employees and others, or if you are a Quantum shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
Confidentiality to whistleblowers or others with information relevant to this investigation is guaranteed.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
SOURCE Johnson Fistel, LLP
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