NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Quantum Corporation (NYSE: QTM) concerning possible violations of federal securities laws.
Quantum revealed on February 8, 2018 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.
If you suffered a loss in Quantum and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/QTM-Info-Request-Form-265.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.