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Quantum Stock Plunges 10.71% Amid Investigation
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Aug 27, 2025 4:25 am ET1min read
Aime SummaryOn August 27, 2025, Quantum's stock price plummeted by 10.71% in pre-market trading, sparking concerns among investors about the company's recent developments.
Quantum Corporation is currently under investigation by the Rosen Law Firm, which is exploring potential securities claims on behalf of shareholders. The investigation stems from allegations that the company may have issued materially misleading business information to the investing public. This development comes after the resignation of Lewis Moorehead, Quantum's chief financial officer, amid an internal accounting review related to its revenue recognition practices. The resignation was announced on August 18, 2025, and the stock price fell by 8.2% the following day.
The Rosen Law Firm is preparing a class action seeking recovery of investor losses, encouraging shareholders to join the prospective class action. The firm is known for its track record in securities class actions and shareholder derivative litigation, having achieved significant settlements for investors in the past. The firm's attorneys have been recognized by various legal publications for their expertise in this area.
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