Quantum Corporation Shareholder Alert - SEC Investigating; QTM Stock Price Drops - Kehoe Law Firm, P.C. Investigating

PHILADELPHIA, Feb. 8, 2018 /PRNewswire/ -- Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of purchasers of the securities of Quantum Corporation (NYSE: QTM) resulting from allegations that Quantum may have issued materially misleading business information to the investing public.

On February 8, 2018, Quantum, "a leading expert in scale-out tiered storage, archive and data protection," announced that it received a subpoena from the Securities and Exchange Commission on January 11, 2018 regarding its accounting practices and internal controls related to revenue recognition for transactions commencing April 1, 2016. Quantum further stated it was postponing the release of its fiscal third quarter 2018 results and earnings conference call so that its audit committee could complete an investigation into Quantum's accounting matters and related internal controls.

On this news, the price of Quantum stock shares fell sharply during intraday trading on February 8, 2018.

Quantum Corporation Investors: If you purchased shares of Quantum and have questions or concerns about the securities investigation or your potential legal rights, please visit https://kehoelawfirm.com/active-investigations/quantum-shareholder-alert or contact John A. Kehoe, Esq., (215) 792-6676, Ext. 801, jkehoe@kehoelawfirm.com or e-mail info@kehoelawfirm.com. 

Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing.

CONTACT: John A. Kehoe, Esq., Kehoe Law Firm, P.C., info@kehoelawfirm.com

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SOURCE Kehoe Law Firm, P.C.