Short Take: Judge clears class-action suit against Quantum

A Santa Clara County Superior Court judge gave the green light for a class-action securities fraud suit against Quantum to proceed. Filed on behalf of those who bought Quantum common stock during the period February 26, 1996 through June 13, 1996, the suit alleges that Quantum made false statements for the purpose of persuading the public to buy its stock.

Paul Festa Staff Writer, CNET News.com

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Paul Festa

Feb. 20, 1997 5:30 p.m. PT

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A Santa Clara County Superior Court judge gave the green light for a class-action securities fraud suit against to proceed. Filed on behalf of those who bought Quantum common stock during the period February 26, 1996 through June 13, 1996, the suit alleges that Quantum made false statements for the purpose of persuading the public to buy its stock.