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Compass Diversified Declares Third Quarter 2025 Distributions on Series A, B and C Preferred Shares
Globenewswire· 2025-10-02 20:10
Core Viewpoint - Compass Diversified (CODI) has declared quarterly cash distributions for its preferred shares, indicating a commitment to returning value to shareholders through consistent dividend payments [1]. Distribution Details - The Board declared a cash distribution of $0.453125 per share for the 7.250% Series A Preferred Shares, covering the period from July 30, 2025, to October 30, 2025, payable on October 30, 2025, to holders of record as of October 15, 2025 [2]. - A cash distribution of $0.4921875 per share was declared for both the 7.875% Series B and Series C Preferred Shares, also covering the same period and payable on the same date to holders of record as of October 15, 2025 [3][4]. Tax Implications - The preferred cash distributions are expected to generally qualify as "qualified dividends" for U.S. federal income tax purposes, contingent upon being paid from "earnings and profits" and meeting the requisite holding period [5].
COMPASS (CODI) INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation into Compass Diversified and Encourages Investors to Inquire About Their Rights
Globenewswire· 2025-10-02 11:47
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Compass Diversified (NYSE:CODI) due to a class action lawsuit alleging breaches of fiduciary duties by the company's board of directors during a specified class period [1][2]. Summary by Sections Lawsuit Details - The lawsuit claims that during the class period from May 1, 2024, to May 7, 2025, Compass made false and misleading statements regarding its subsidiary, Lugano Holdings, Inc. This included undisclosed financing arrangements and irregularities in financial reporting [2]. - Specific allegations include: 1. Lugano Holdings maintained unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2]. 2. The financial statements of the company were rendered unreliable and would require restatement due to these irregularities [2]. 3. The company failed to maintain adequate internal controls related to its financial statements [2]. 4. As a result, public statements made by the defendants were materially false and misleading [2]. Next Steps for Investors - Long-term stockholders of Compass who have information or questions regarding the claims are encouraged to contact Bragar Eagel & Squire for further discussion [3]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation across the United States [4].
Johnson Fistel Begins Investigation on Behalf of Long-Term Compass Diversified Holdings Shareholders
Globenewswire· 2025-10-01 21:30
Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into board members and executive officers of Compass Diversified Holdings for potential breaches of fiduciary duties and violations of federal securities laws [1]. Group 1: Investigation Details - A class action complaint was filed against Compass Diversified Holdings, alleging that from May 1, 2024, to May 7, 2025, the defendants made false and misleading statements and failed to disclose that the company had overstated the financial performance and stability of its portfolio companies [2]. - The complaint claims that the defendants' positive statements regarding CODI's business, operations, and prospects were materially false and misleading and lacked a reasonable basis [2]. Group 2: Stockholder Rights - Current stockholders who held their Compass Diversified Holdings stock before March 1, 2025, are encouraged to contact Johnson Fistel to discuss their legal rights in this matter [3].
Kuehn Law Encourages Investors of Compass Group Diversified Holdings, LLC to Contact Law Firm
GlobeNewswire News Room· 2025-07-29 16:21
Core Viewpoint - Kuehn Law is investigating potential breaches of fiduciary duties by officers and directors of Compass Group Diversified Holdings, LLC (CODI) related to financial misrepresentations and inadequate internal controls [1][2]. Group 1: Legal Investigation - Kuehn Law, a shareholder litigation firm, is looking into whether certain officers and directors of CODI have breached their fiduciary duties to shareholders [1]. - The investigation is prompted by a federal securities lawsuit alleging that insiders at CODI caused the company to misrepresent or fail to disclose critical financial information [2]. Group 2: Financial Irregularities - The lawsuit claims that CODI's subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its sales, cost of sales, inventory, and accounts receivable [2]. - These irregularities rendered the financial statements of CODI unreliable and necessitated a restatement of those financials [2]. - The company is accused of failing to maintain adequate internal controls related to its financial statements, leading to materially false and misleading public statements [2].
Compass Diversified Announces Extended Forbearance
Globenewswire· 2025-07-28 10:50
Core Points - Compass Diversified (CODI) has entered into a second forbearance agreement with its lenders, extending the previous forbearance period until October 24, 2025, and increasing the availability on its $100 million revolving credit facility from $40 million to $60 million during this period [1][2] - The forbearance agreement follows an investigation into financial and accounting irregularities at its subsidiary, Lugano Holdings, Inc., which has identified issues in financing, accounting, and inventory practices [2][3] - The investigation is progressing as expected, focusing solely on Lugano and not affecting CODI's other subsidiaries, which continue to operate normally and generate significant cash flow [3][4] - CODI's CEO emphasized the company's strong performance across its other eight subsidiaries, maintaining healthy balance sheets and solid liquidity supported by increased access to capital [4]
COMPASS INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Urges Investors in Compass Diversified (CODI) to Inquire About Their Rights in Class Action Lawsuit
GlobeNewswire News Room· 2025-07-17 23:24
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Compass Diversified (NYSE:CODI) due to a class action lawsuit alleging breaches of fiduciary duties by the company's board of directors during the specified class period [1][2]. Group 1: Lawsuit Details - The class action complaint was filed on June 6, 2025, covering a class period from May 1, 2024, to May 7, 2025 [1]. - Allegations include that Compass's subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its financial reporting, which rendered the overall financial statements of Compass unreliable [2]. - The lawsuit claims that the company failed to maintain adequate internal controls over its financial statements, leading to materially false and misleading public statements [2]. Group 2: Investor Communication - Long-term stockholders of Compass are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and the ongoing investigation [3]. - The law firm offers a no-cost consultation for investors who may have suffered losses during the class period [3]. Group 3: Firm Background - Bragar Eagel & Squire, P.C. is a nationally recognized law firm specializing in representing individual and institutional investors in complex litigation across state and federal courts [4].
COMPASS ALERT: Bragar Eagel & Squire, P.C. is Investigating Compass Diversified on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-10 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Compass Diversified due to a class action lawsuit alleging breaches of fiduciary duties by the company's board of directors during a specified class period [1][2]. Summary by Relevant Sections Lawsuit Details - The class action complaint was filed on June 6, 2025, covering a class period from May 1, 2024, to May 7, 2025 [1]. - Allegations include that Compass's subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its financial reporting, which affected the reliability of the company's overall financial statements [2]. - The lawsuit claims that the company failed to maintain adequate internal controls over its financial statements, leading to materially false and misleading public statements [2]. Investor Information - Long-term stockholders of Compass are encouraged to reach out for more information regarding the claims or their rights related to the lawsuit [3].
Shareholders that lost money on Compass Group Diversified Holdings, LLC(CODI) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
GlobeNewswire News Room· 2025-07-08 19:47
Core Viewpoint - A class action securities lawsuit has been filed against Compass Group Diversified Holdings, LLC due to alleged securities fraud affecting investors between February 24, 2022, and May 7, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Compass Diversified failed to disclose effective internal controls over financial reporting and critical information regarding its subsidiary, Lugano Holding, Inc., which had 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 internal investigation into Lugano, leading to a significant drop in stock price from $17.25 to $6.55 per share [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].
CODI DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Compass Diversified Holdings Investors with Losses in Excess of $100K to Secure Counsel Before Important July 8 Deadline in Securities Class Action First Filed by the Firm – CODI
GlobeNewswire News Room· 2025-07-08 16:09
Group 1 - The Rosen Law Firm is reminding purchasers of Compass Diversified Holdings securities from March 1, 2023, to May 7, 2025, about the lead plaintiff deadline for a securities class action on July 8, 2025 [1] - Investors who purchased Compass securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by contacting the Rosen Law Firm [3][6] Group 2 - The lawsuit alleges that during the class period, Compass' subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its financial statements, which affected the reliability of Compass' overall financial statements [5] - The lawsuit claims that Compass failed to maintain adequate internal controls related to its financial statements, leading to materially false and misleading public statements [5]
CODI FINAL DEADLINE ALERT: Hagens Berman Alerts Compass Diversified (CODI) Investors to Today's Lead Plaintiff Deadline in Securities Class Action
GlobeNewswire News Room· 2025-07-08 11:13
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]. Group 1: 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]. Group 2: Legal Actions - Following the announcement of accounting issues, Compass Diversified is facing multiple class-action lawsuits, with the lead plaintiff's deadline set for July 8, 2025 [3][4]. - The amended complaint in the case Moreno v. Compass Group Diversified Holdings LLC seeks to represent investors who purchased shares during the expanded class period from February 24, 2022, to May 7, 2025 [3][4]. Group 3: Market Reaction - The market reacted severely to the news of the accounting irregularities, with Compass Diversified's stock price dropping by more than 62% [7]. Group 4: Investigations - Hagens Berman, a national investor rights law firm, is conducting an investigation into potential securities violations by Compass Diversified [8]. - The firm's investigation highlights a lack of effective internal controls over financial reporting, leading to materially misstated financial results [9][10].