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 the 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 applicable accounting rules and industry practices during fiscal 2024 [3]. - Lugano's 2024 financial results were artificially distorted due to these accounting irregularities [3]. - 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].

NEW YORK, May 20, 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 ...

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- 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 ...

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer rights litigation firm, is investigating whether Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI) or certain of its officers and directors issued misleading and false statements and/or failed to disclose information material to investors in violation of federal securities laws. CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS POTENTIAL CLASS ACTION Compass owns ...

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Compass Group Diversified Holdings, LLC, and Compass Diversified Holdings ("Compass" or the "Company") (NYSE: CODI) investors of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company. Should You Join This Class Action Lawsuit? If you purchased or acquired Compass securities, and/or would like to discuss your legal rights and options please ...

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 allows purchasers of Compass Diversified securities between May 1, 2024, and May 7, 2025, to seek lead plaintiff status by July 8, 2025 [1][6] - The lawsuit alleges that Compass Diversified made false statements and failed to disclose significant accounting violations at Lugano, which distorted its financial results for fiscal 2024 [3][4] - On May 7, 2025, Compass Diversified announced the need to restate its 2024 financial statements due to identified irregularities, leading to a stock price drop of over 62% [4] Group 2: Financial Impact and Company Actions - The acquisition of Lugano Holdings was announced on September 7, 2021, with an enterprise value of $256 million [2] - The company has indicated that it will delay the filing of its first quarter 2025 Form 10-Q as a result of the ongoing internal investigation [4] - Robbins Geller Rudman & Dowd LLP, representing the plaintiffs, has a strong track record in prosecuting investor class actions, having recovered over $2.5 billion for investors in 2024 alone [7]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Compass Diversified due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by July 8, 2025 [2][4]. Group 1: Allegations Against Compass Diversified - The complaint alleges that Compass and its executives made false or misleading statements and failed to disclose significant issues related to its subsidiary, Lugano Holdings, Inc., including unrecorded financing arrangements and irregularities in financial reporting [4]. - It is claimed that the financial statements of Compass as a whole were rendered unreliable due to these irregularities, necessitating a restatement of financial results [4]. - The company failed to maintain adequate internal controls over its financial statements, leading to materially false public statements [4]. Group 2: Recent Developments - On May 7, 2025, Compass disclosed that its financial statements for fiscal year 2024 should no longer be relied upon due to an ongoing internal investigation into Lugano Holdings, which identified irregularities in financing, accounting, and inventory practices [5]. - Following this announcement, Compass Diversified's stock price fell by 8% in after-hours trading, indicating a negative impact on investors [6]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses in Compass stock or options between May 1, 2024, and May 7, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1]. - The role of lead plaintiff in the class action lawsuit is open to any member of the putative class, with the ability to share in any recovery not affected by the decision to serve as lead plaintiff [7].

NEW YORK, May 17, 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 - 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, leading to a substantial drop in stock price [1][3][4]. 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]. Lawsuit Details - The lawsuit claims that during the class period from May 1, 2024, to May 7, 2025, Compass did not disclose that Lugano violated accounting rules and that its 2024 financial results were distorted due to these irregularities [3]. - Compass also allegedly failed to implement effective internal controls over its financial reporting [3]. Stock Price Impact - Following the announcement of identified irregularities in Lugano's financial practices on May 7, 2025, Compass's stock price fell by $10.70 per share, a decline of over 62%, closing at $6.55 on May 8, 2025 [4].

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 covers purchasers of Compass Diversified securities from May 1, 2024, to May 7, 2025 [1] - Investors have until July 8, 2025, to seek appointment as lead plaintiff in the lawsuit [1] - The lawsuit alleges that Compass Diversified made false statements and failed to disclose significant financial irregularities at Lugano Holdings [3] Group 2: Allegations Against Compass Diversified - Allegations include violations of accounting rules by Lugano, which distorted its 2024 financial results [3] - Compass Diversified is accused of lacking effective internal controls over financial reporting, leading to materially misstated financial results for fiscal 2024 [3] - On May 7, 2025, Compass Diversified announced the need to restate its 2024 financial statements due to identified irregularities, causing a stock price drop of over 62% [4] Group 3: Legal Representation and Process - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a law firm with extensive experience in prosecuting investor class actions [5] - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Compass Diversified securities during the class period to seek lead plaintiff status [6] - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6]