Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Compass Group Diversified Holdings, LLC (CODI) regarding a class action lawsuit due to alleged failures in financial reporting and internal controls [1][2]. Summary by Sections Allegations - The complaint alleges that Compass failed to disclose effective internal controls over financial reporting and critical information regarding its subsidiary, Lugano Holding, Inc. This included undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2]. - The truth about these issues emerged on May 7, 2025, when Compass announced that its financial statements for fiscal 2024 could no longer be relied upon due to an ongoing internal investigation into Lugano [2]. - Following this announcement, Compass's stock price plummeted from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025 [2]. Next Steps for Shareholders - Shareholders who purchased shares of CODI during the specified class period (May 1, 2024, to May 7, 2025) are encouraged to register for the class action by July 8, 2025 [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case [3]. Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceit, fraud, and illegal business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements or omissions that led to stock inflation [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Compass Group Diversified Holdings, LLC (NYSE: CODI) regarding potential legal action due to undisclosed financial issues related to its subsidiary, Lugano Holding, Inc. [1][3] Summary by Relevant Sections Allegations - During the class period from May 1, 2024, to May 7, 2025, Compass allegedly failed to disclose effective internal controls over financial reporting and critical information about Lugano, which had undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [3] - The company’s positive statements about its financial reporting were deemed materially misleading [3] Impact of the Announcement - On May 7, 2025, Compass announced that its financial statements for fiscal 2024 could no longer be relied upon due to an internal investigation into Lugano, leading to a significant drop in stock price from $17.25 per share to $6.55 per share on May 8, 2025 [3] Next Steps for Shareholders - Shareholders who purchased shares of CODI during the specified timeframe are encouraged to register for the class action by July 8, 2025, to potentially become lead plaintiffs [4] - Registered shareholders will receive updates through a portfolio monitoring software [4] Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [5]

Core Viewpoint - A lawsuit has been filed against Compass Diversified Holdings and its executives for potential violations of federal securities laws, specifically related to alleged misstatements in financial statements [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, captioned Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981 [2]. - Investors have until July 8, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Compass - The complaint alleges that Compass's fiscal 2024 financial statements contained material misstatements regarding unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable related to Lugano Holdings, Inc. [3]. - Compass is a statutory trust that manages a group of small and middle-market businesses, including Lugano Holdings, a high-end jewelry designer and manufacturer [3]. Group 3: Stock Market Reaction - Following the announcement on May 7, 2025, that investors should not rely on its fiscal 2024 financial statements due to an ongoing internal investigation, Compass's stock price dropped approximately 62%, from $17.25 per share to $6.55 per share [4]. - The company indicated that it had preliminarily identified irregularities in Lugano's financing, accounting, and inventory practices [4]. Group 4: Legal Representation - Bleichmar Fonti & Auld LLP, the law firm representing the plaintiffs, is noted for its success in securities class actions and has recovered significant amounts for other clients, including over $900 million from Tesla, Inc. [6].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Compass To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Compass between May 1, 2024 and May 7, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) ...

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for failing to disclose significant accounting irregularities related to its acquisition of Lugano Holdings, impacting financial reporting during the Class Period from May 1, 2024, to May 7, 2025 [1][3]. Company Overview - Compass Diversified Holdings is a private equity firm headquartered in Westport, Connecticut, which acquired a majority interest in Lugano Holdings, Inc., a high-end jewelry designer, in 2021 for an enterprise value of $256 million [2]. Legal Allegations - The lawsuit alleges that Compass did not disclose that Lugano violated accounting rules and industry practices during fiscal 2024, leading to distorted financial results due to these irregularities [3]. - It is also claimed that Compass failed to implement effective internal controls over its financial reporting [3]. Investor Information - Investors who purchased Compass securities during the Class Period have until July 8, 2025, to seek appointment as a lead plaintiff representative of the class [2].

Core Viewpoint - Compass Diversified Holdings (NYSE: CODI) is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to financial misstatements and irregularities in its subsidiary, Lugano Holdings, Inc. [1][3][4] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Augenbaum v. Compass Diversified Holdings, and it includes claims against Compass Diversified Holdings and its executives for making false statements and failing to disclose significant financial irregularities [1][3]. - Investors who purchased Compass Diversified securities between May 1, 2024, and May 7, 2025, have until July 8, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit alleges that Lugano Holdings violated accounting rules, leading to materially misstated financial results for Compass Diversified in fiscal 2024 [3][4]. Group 2: Financial Impact and Company Response - On May 7, 2025, Compass Diversified announced that it would restate its 2024 financial statements due to identified irregularities in Lugano's accounting practices, resulting in a stock price drop of over 62% [4]. - The company indicated that it would delay the filing of its first quarter 2025 Form 10-Q as a result of the ongoing internal investigation [4]. Group 3: Legal Representation and Firm Background - The plaintiffs in the class action are represented by Robbins Geller Rudman & Dowd LLP, a law firm with a strong track record in prosecuting investor class actions and recovering significant monetary relief for investors [5][7]. - Robbins Geller has recovered over $2.5 billion for investors in securities-related class action cases in 2024, highlighting its prominence in the field [7].

Core Viewpoint - A lawsuit has been filed against Compass Diversified Holdings and its executives for potential violations of federal securities laws, specifically related to alleged misstatements in financial statements [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, captioned Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981 [2]. - Investors have until July 8, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Compass - The complaint alleges that Compass's fiscal 2024 financial statements contained material misstatements regarding unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable related to Lugano Holdings, Inc. [3]. - Compass is a statutory trust that manages a group of small and middle-market businesses, including Lugano Holdings, a high-end jewelry designer and manufacturer [3]. Group 3: Stock Market Reaction - Following the announcement on May 7, 2025, that investors should not rely on its fiscal 2024 financial statements due to an ongoing internal investigation, Compass's stock price dropped approximately 62%, from $17.25 per share to $6.55 per share [4]. - The company indicated that it had identified irregularities in Lugano's financing, accounting, and inventory practices, leading to the resignation of Lugano's founder and CEO without severance compensation [4].

NEW YORK, May 31, 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 ...

Core Viewpoint - Compass Diversified Holdings is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to financial misstatements and irregularities in its subsidiary, Lugano Holdings, Inc. [1][3][4] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Augenbaum v. Compass Diversified Holdings, and it involves purchasers of Compass Diversified securities from May 1, 2024, to May 7, 2025 [1]. - The lawsuit alleges that Compass Diversified made false statements and failed to disclose significant accounting violations by Lugano, which affected the reported financial results for fiscal 2024 [3]. - On May 7, 2025, Compass Diversified announced that it would restate its 2024 financial statements due to identified irregularities, leading to a stock price drop of over 62% [4]. Group 2: Financial Impact and Legal Representation - The acquisition of Lugano Holdings was announced on September 7, 2021, with an enterprise value of $256 million [2]. - Robbins Geller Rudman & Dowd LLP is representing the plaintiffs in the class action, highlighting their experience in prosecuting investor class actions related to financial fraud [5][7]. - In 2024, Robbins Geller recovered over $2.5 billion for investors in securities-related class action cases, indicating their capability in handling significant financial recoveries [7].

NEW YORK, May 30, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Compass Group Diversified Holdings, LLC ("Compass Diversified" or the "Company") (NYSE: CODI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Compass Diversified investors who were adversely affected by alleged securities fraud between May 1, 2024 and May 7, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra ...