Core Viewpoint - Compass Diversified (CODI) is under investigation for potential securities fraud and unlawful business practices following the disclosure of irregularities in its subsidiary, Lugano Holding, Inc. [1][2] Group 1: Investigation Details - Pomerantz LLP is investigating claims on behalf of investors of CODI regarding possible securities fraud or unlawful business practices [1] - On May 7, 2025, CODI announced a non-reliance on its financial statements for fiscal 2024 due to an ongoing internal investigation into Lugano Holding [2] - The Audit Committee of CODI's Board of Directors initiated an investigation after concerns were raised about Lugano's inventory financing practices, which identified irregularities in non-CODI financing, accounting, and inventory practices [2] Group 2: Financial Impact - Following the announcement of the investigation, CODI's stock price dropped by 6.55 per share on May 8, 2025 [2]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Compass Diversified - CODI