NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Quantum Corporation (NYSE:QTM) concerning possible violations of federal securities laws.
On February 8, 2018, Quantum revealed that it would postpone release of its fiscal third quarter 2018 results and earnings conference call “…so that Quantum’s audit committee…can complete an investigation into accounting matters and related internal controls that were raised in response to a recent inquiry by the Securities and Exchange Commission (SEC).” According to the Company, Quantum received a subpoena from the SEC on January 11, 2018. Following this news, shares of Quantum were down more than 37% on intraday trading on February 8, 2018. To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.