Core Viewpoint - Rosen Law Firm has announced the filing of a class action lawsuit on behalf of purchasers of securities of Compass Diversified Holdings (NYSE: CODI) for the period between May 1, 2024, and May 7, 2025, due to alleged misleading statements and undisclosed financial irregularities [1][5]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Compass Diversified Holdings' subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its financial reporting [5]. - It is alleged that the financial statements of the Company were rendered unreliable due to these irregularities, necessitating a restatement of the financials [5]. - The lawsuit also states that the Company failed to maintain adequate internal controls over its financial statements, leading to materially false and misleading public statements [5]. Group 2: Participation Information - Investors who sold or held Compass common stock may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the Court by July 8, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Viewpoint - Compass Diversified is under investigation for potential violations of federal securities laws following the disclosure of irregularities in its subsidiary Lugano Holding's financial practices, leading to a significant drop in its stock price [1][2]. Financial Disclosure - On May 7, 2025, Compass announced that its financial statements for fiscal year 2024 should no longer be relied upon due to an ongoing internal investigation into Lugano Holding [2]. - The investigation has preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices [2]. Management Changes - Following the investigation, Moti Ferder, the founder and CEO of Lugano, resigned from all positions effective May 7, 2025, and will not receive any severance compensation [2]. Stock Market Reaction - The announcement resulted in a sharp decline in Compass' stock price, which fell by $10.70, or 62%, closing at $6.55 per share on May 8, 2025 [2].

Core Viewpoint - A class action lawsuit has been filed against Compass Diversified for violations of securities laws due to false and misleading statements related to its financial reporting [1][4]. Summary by Sections Class Action Details - Investors who purchased Compass securities between May 1, 2024, and May 7, 2025, are encouraged to participate in the lawsuit before July 8, 2025 [2]. Allegations Against the Company - The complaint alleges that Compass made false and misleading statements, particularly regarding its subsidiary Lugano Holdings Inc., which failed to maintain accurate financial records [4]. - Irregularities were reported in sales, cost of sales, inventory, and accounts receivable figures, leading to unreliable financial statements [4]. - The company is expected to restate its financial reports due to these issues, indicating a failure to maintain appropriate internal controls over financial reporting [4]. Legal Representation - The Schall Law Firm specializes in securities class action lawsuits and is representing investors in this case [5].

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified due to the company's announcement of a restatement of its 2024 financial statements, which were affected by undisclosed financing arrangements and irregularities in its Lugano business unit [1][4]. Group 1: Lawsuit Details - The lawsuit, Matthews v. Compass Diversified Holdings, LLC, seeks to represent investors who purchased Compass securities between May 1, 2024, and May 7, 2025 [1][2]. - The complaint alleges that Compass made false and misleading statements regarding its Lugano unit, which operates in the branded consumer goods sector, and failed to disclose critical information about undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2][3]. Group 2: Financial Impact - The alleged irregularities necessitated a restatement of Compass Diversified's 2024 financial statements, rendering them unreliable [3]. - Following the disclosure of these issues, Compass announced a delay in filing its first-quarter 2025 Form 10-Q, leading to a 60% drop in its stock price in a single trading day, significantly impacting shareholder value [5][6]. Group 3: Regulatory Violations - The lawsuit claims that Compass violated the Securities Exchange Act of 1934 by making untrue statements of material fact and omitting necessary information that would prevent the statements from being misleading [6]. - Hagens Berman, the law firm investigating the claims, expressed concern over the alleged accounting irregularities and the potential misrepresentation of financial figures that could have misled investors [8].

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Compass Diversified Holdings and Compass Group Diversified Holdings, LLC (NYSE: CODI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Compass you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/compass-diversified-holdings. Investors h ...

SAN DIEGO, May 09, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Compass Diversified Holdings (NYSE: CODI) publicly traded securities between May 1, 2024 and May 7, 2025, inclusive (the “Class Period”), have until July 8, 2025 to seek appointment as lead plaintiff of the Compass Diversified class action lawsuit. Captioned Matthews v. Compass Group Diversified Holdings, LLC, No. 25-cv-00981 (C.D. Cal.), the Compass Diversified class action lawsuit charges ...

BOSTON, May 09, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI). About the Investigation On May 7, 2025, after the markets closed, Compass filed a Form 8-K which stated that the Audit Committee of Board of Directors “commenced an internal investigation into the financing, accounting, and inventory practices of Lugano Holding, Inc. (‘Lugano’), a subsidiary and operating se ...

SAN DIEGO, May 09, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Compass Diversified Holdings (NYSE: CODI) focused on whether Compass Diversified and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in the Compass Diversified investigation or if you are a Compass Diversified inve ...

Firm Investigating Possible Violations of U.S. Securities LawsSAN FRANCISCO, May 9, 2025 /PRNewswire/ -- Compass Diversified (NYSE: CODI), a Westport, Connecticut-based investment firm, saw its stock plunge 59% on Thursday, May 8, after announcing that its 2024 financial statements could no longer be relied upon due to irregularities uncovered at its Lugano Holding subsidiary. Hagens Berman is investigating potential violations of the U.S. securities laws and urges investors who purchased Compass shares and ...

SAN DIEGO, May 8, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Compass Diversified Holdings (NYSE: CODI) focused on whether Compass Diversified and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.If you have information that could assist in the Compass Diversified investigation or if you are a Compass Diversified investor who suffered a lo ...