Core Points - A shareholder class action lawsuit has been filed against Compass Diversified Holdings, alleging that the company made materially false and misleading statements and failed to disclose adverse information [1] - The lawsuit specifically points to irregularities in the financial practices of Compass's subsidiary, Lugano Holdings, Inc., including unrecorded financing arrangements and issues with sales, cost of sales, inventory, and accounts receivable [1] - The financial statements of Compass as a whole are claimed to be unreliable due to these irregularities, indicating that a restatement of financials may be necessary [1] Legal Context - Shareholders who purchased shares of Compass between May 1, 2024, and May 7, 2025, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline for shareholders to request to be appointed as lead plaintiff in the case is July 8, 2025 [3] - Holzer & Holzer, LLC is representing shareholders in this litigation and has a history of recovering significant amounts for investors affected by corporate misconduct [3]

Core Viewpoint - Scott+Scott Attorneys at Law LLP is investigating potential misleading statements and failures to disclose material information by Compass Diversified Holdings, which may violate federal securities laws [1]. Company Overview - Compass Diversified Holdings owns and manages a diverse set of middle-market businesses, including Lugano Holdings, Inc., which specializes in luxury jewelry design, manufacturing, and marketing [2]. Recent Developments - On May 7, 2025, Compass issued a press release stating it would not rely on its financial statements for fiscal 2024 due to an ongoing internal investigation into Lugano, leading to a delay in filing its 1Q25 Form 10-Q [3]. - The investigation, conducted by outside counsel and a forensic accounting firm, has preliminarily identified irregularities in Lugano's financing, accounting, and inventory practices [3]. - Following the announcement, Lugano's founder and CEO resigned, and Compass's stock price dropped by $10.70, nearly 62%, closing at $6.55 on May 8, 2025, with unusually high trading volume [3].

Group 1 - The Conservative Income Portfolio targets high-value stocks with significant margins of safety and aims to reduce volatility through well-priced options [1][3] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - Compass Diversified (NYSE: CODI) experienced a 35% decline on May 8, prompting an investigation into potential overreaction in the market [2] Group 2 - Trapping Value is a team of analysts with over 40 years of combined experience in generating options income and focusing on capital preservation [3] - The investing group Conservative Income Portfolio collaborates with Preferred Stock Trader to offer two income-generating portfolios and a bond ladder [3]

Core Viewpoint - A shareholder has filed a securities class action lawsuit against Compass Group Diversified Holdings, LLC, and Compass Diversified Holdings for alleged misrepresentations regarding financial arrangements and irregularities in their subsidiary's operations [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to investors who purchased or acquired securities of Compass between May 1, 2024, and May 7, 2025 [1]. - Allegations include misrepresentations about unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable related to Lugano Holdings, Inc., a subsidiary of Compass [2]. Group 2: Legal Process - Investors wishing to serve as lead plaintiffs must file necessary documents by July 8, 2025 [3]. - Serving as a lead plaintiff is not required to share in any potential recovery from the lawsuit [3]. Group 3: Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented both individual investors and large public and private pension funds [4]. - The firm has been recognized for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [4].

BOSTON, May 12, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that a securities class action alleging violations of the Securities Exchange Act of 1934 has been filed against Compass Diversified Holdings ("Compass" or the "Company") (NYSE: CODI), and others, on behalf of persons or entities who purchased or otherwise acquired publicly traded Compass securities between May 1, 2024, and May 7, 2025, inclusive (the "Class Period"). The case is styled, Matthews v. Compass Group Diversified Holdings, LLC, et ...

Core Viewpoint - The Compass Diversified Holdings is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements related to financial irregularities in its subsidiary, Lugano Holding, Inc. [1][2][3] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Matthews v. Compass Group Diversified Holdings, LLC, and covers purchasers of Compass Diversified Holdings 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 regarding unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2][3] Group 2: Financial Irregularities and Impact - On May 7, 2025, Compass Diversified disclosed that it would not rely on its financial statements for fiscal 2024 due to identified irregularities in its subsidiary's financing and accounting practices [3] - The Audit Committee concluded that the previously issued financial statements for 2024 require restatement, leading to a delay in filing the first quarter 2025 Form 10-Q [3] - Following this announcement, the stock price of Compass Diversified experienced a decline [3] Group 3: Lead Plaintiff Process - 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 [4] - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [4] - Participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [4]

The complaint contends that Compass made false and misleading statements and failed to disclose critical information regarding Lugano, which operates in the branded consumer goods sector. Specifically, the lawsuit claims that Lugano maintained undisclosed financing arrangements and exhibited irregularities in its sales, cost of sales, inventory, and accounts receivable. These alleged irregularities, according to the complaint, rendered Compass Diversified's 2024 financial statements unreliable, necessitatin ...

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 and irregularities in operations [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, titled 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 portfolio 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 of an internal investigation into Lugano, Compass advised investors not to rely on its fiscal 2024 financial statements, leading to a significant stock price decline of approximately 62%, from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025 [4].

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].

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].