Core Viewpoint - Compass Diversified (NYSE: CODI) has issued a warning to investors regarding the unreliability of its financial statements for the fiscal years ending December 31, 2022 and 2023 due to expanded accounting irregularities [1][5]. Group 1: Financial Irregularities - The company disclosed that accounting irregularities at its subsidiary, Lugano Holding, have affected financial statements not only for 2024 but also for the fiscal years 2022 and 2023 [4][5]. - Investors are advised to no longer rely on the annual and quarterly financial statements for these years [5]. Group 2: Legal Actions - A class-action lawsuit has been filed against Compass Diversified, seeking to represent investors who purchased its publicly traded securities from February 24, 2022, to May 7, 2025 [3][4]. - The lawsuit alleges that the company made false and misleading statements while failing to disclose critical information regarding its financial practices [6]. Group 3: Market Reaction - Following the announcement of the accounting irregularities, Compass Diversified's stock price fell by more than 62% [7]. Group 4: Internal Controls and Oversight - The company has been criticized for neglecting to implement effective internal controls over its financial reporting, leading to materially misstated financial results [9]. - The issues at Lugano suggest a failure of oversight by Compass Diversified, indicating a deeper problem within the subsidiary [10].

PHILADELPHIA, June 26, 2025 (GLOBE NEWSWIRE) -- The law firm of Barrack, Rodos & Bacine announces that a complaint has been filed on behalf of investors who purchased stock in Compass Group Diversified Holdings, LLC (NYSE: CODI) between February 24, 2022, and May 7, 2025. Investors have less than two weeks to seek appointment as lead plaintiff in a pending action against Compass.  Compass is an investment holding company and one of its subsidiary businesses is Lugano Holdings, Inc., a jewelry company. WHAT’ ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Compass Group Diversified Holdings, LLC (NYSE: CODI) regarding a class action lawsuit due to alleged failures in financial reporting and internal controls [1][3]. Summary by Relevant 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 [3]. - 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 internal investigation into Lugano [3]. - 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 [3]. Next Steps for Shareholders - Shareholders who purchased shares of CODI during the class period (February 24, 2022, to May 7, 2025) are encouraged to register for the class action by July 8, 2025 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case [4]. 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 due to deceit, fraud, and illegal business practices [5]. - 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 [5].

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings due to alleged false and misleading statements related to financial irregularities in its subsidiary, Lugano Holding, Inc. [1][2] Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals or entities that purchased Compass securities between May 1, 2024, and May 7, 2025, inclusive [1] - The complaint alleges that the defendants made false statements regarding unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2] Group 2: Company Announcement - On May 7, 2025, Compass issued a press release disclosing non-reliance on its financial statements for fiscal 2024 due to ongoing internal investigations into its subsidiary [3] - The press release indicated that irregularities in Lugano's financing, accounting, and inventory practices were identified, leading to the conclusion that previously issued financial statements for 2024 require restatement [3] - The company also announced a delay in filing its first quarter 2025 Form 10-Q, which contributed to a drop in the stock price [3] Group 3: Investor Information - Investors who acquired shares of Compass are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline of July 8, 2025 [4]

Core Viewpoint - Compass Diversified (NYSE: CODI) has warned investors not to rely on its previously issued financial statements for fiscal years ended December 31, 2022, and 2023 due to expanded accounting irregularities [1][5] Financial Irregularities - The company disclosed that accounting irregularities at its subsidiary, Lugano Holding, affected financial statements for fiscal years 2022, 2023, and 2024, necessitating restatements [4][5] - The irregularities include violations of applicable accounting rules and industry practices concerning financing, accounting, and inventory procedures [9] Legal Actions - An amended complaint in the case Moreno v. Compass Group Diversified Holdings LLC seeks to represent investors who purchased Compass securities from February 24, 2022, to May 7, 2025 [3][4] - Multiple securities class action lawsuits have been initiated following the May 7, 2025, disclosure of accounting irregularities [6][8] Market Reaction - Following the announcement of accounting irregularities, Compass Diversified's stock price fell by more than 62% [7] Investigations - Hagens Berman, a national investor rights law firm, is conducting an investigation into potential securities violations by Compass Diversified [8][10]

NEW YORK, June 26, 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 ...

NEW YORK, June 25, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Compass Diversified Holdings (NYSE: CODI) between May 1, 2024, and May 7, 2025, both dates inclusive (the “Class Period”), of the important July 8, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Compass securities you may be entitled to compensation without payment of any out of pocket fees or costs through a ...

WESTPORT, Conn., June 25, 2025 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI”) today disclosed non-reliance on its financial statements for fiscal years 2022 and 2023 amid an ongoing investigation into its subsidiary Lugano Holding, Inc. (“Lugano”). This follows CODI’s May 7 disclosure concerning non-reliance on its 2024 financial statements. As previously disclosed, the investigation has preliminarily identified irregularities in Lugano’s financing, accounting, and inventory practices. CODI i ...

Core Viewpoint - A class action lawsuit has been filed against Compass Group Diversified Holdings LLC due to alleged failures in financial reporting and internal controls, leading to significant stock price decline following the revelation of these issues [3][4][5]. Group 1: Lawsuit Details - The class action lawsuit, Nicholas Moreno v. Compass Group Diversified Holdings LLC, has been amended and is ongoing in the United States District Court for the District of Connecticut [1]. - The lawsuit pertains to securities purchased between February 24, 2022, and May 7, 2025, and claims that Compass failed to disclose critical information regarding its subsidiary, Lugano Holding, Inc. [1][3]. Group 2: Financial Reporting Issues - Compass Group's internal controls over financial reporting were deemed ineffective, and undisclosed financing arrangements related to Lugano were highlighted as problematic [3]. - The company announced on May 7, 2025, that its financial statements for fiscal 2024 could no longer be relied upon due to an internal investigation into Lugano's financing of inventory [4]. Group 3: Stock Price Impact - Following the announcement of the investigation, Compass' stock price plummeted from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025, indicating a dramatic loss in market value [5].

Core Viewpoint - Compass Group Diversified Holdings, LLC is facing legal action due to irregularities identified in its subsidiary Lugano Holdings, Inc.'s accounting and inventory practices, leading to a significant drop in its stock price [2][3]. Group 1: Company Overview - Compass Group Diversified Holdings, LLC is an investment holding company with a subsidiary, Lugano Holdings, Inc., which operates in the jewelry sector [1]. - The company announced an investigation into Lugano, which revealed preliminary irregularities in accounting and inventory practices [2]. Group 2: Financial Impact - Following the announcement of the investigation and the resignation of Lugano's CEO, Compass's share price plummeted by 62%, from $17.25 to $6.55 per share [3]. - The Audit Committee of Compass concluded that the previously issued financial statements for 2024 should no longer be relied upon, indicating potential financial mismanagement [2]. Group 3: Legal Proceedings - Investors who purchased Compass stock between May 1, 2024, and May 7, 2025, have until July 8, 2025, to seek appointment as lead plaintiff in a class action lawsuit against the company [1][5]. - The complaint alleges that Compass failed to maintain adequate internal controls over its financial statements, rendering them unreliable and misleading [3]. Group 4: Law Firm Background - Barrack, Rodos & Bacine, the law firm handling the case, has extensive experience in prosecuting securities law class actions, including significant recoveries in past cases [6].