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 pmayer@kaplanfox.com
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: jcampisi@kaplanfox.com
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: lking@kaplanfox.com
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SOURCE Kaplan Fox &
Kilsheimer LLP