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CODI INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Compass Diversified Holdings Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
CODIpass Diversified LLC(CODI) GlobeNewswire News Room·2025-05-11 20:00

Core Viewpoint - A class action lawsuit has been filed against Compass Diversified Holdings and certain officers for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for all individuals and entities that purchased Compass securities between May 1, 2024, and May 7, 2025 [2]. - Allegations include that the Company's subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its financial reporting [3]. - The complaint claims that these irregularities rendered the overall financial statements of Compass unreliable and necessitated a restatement [3]. - It is alleged that the Company failed to maintain adequate internal controls over its financial statements, leading to materially false and misleading public statements [3]. Group 2: Next Steps - Investors who suffered losses in Compass have until July 8, 2025, to request to be appointed as lead plaintiff in the case [4]. - A copy of the complaint can be reviewed on the law firm's website [4]. Group 3: Legal Representation - The law firm represents investors on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5]. - Bronstein, Gewirtz & Grossman, LLC is recognized for representing investors in securities fraud class actions and has recovered significant amounts for investors nationwide [6].