NEW YORK, May 13, 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 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 stating it would not rely on its financial statements for fiscal 2024 due to identified irregularities in Lugano's financing, accounting, and inventory practices [3] - The Audit Committee concluded that the previously issued financial statements for 2024 require restatement and should no longer be relied upon [3] - The company also announced a delay in filing its first quarter 2025 Form 10-Q, which led 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 - A class action lawsuit has been filed against Compass Group Diversified Holdings, LLC due to irregularities in financial statements related to its subsidiary, Lugano Holdings, Inc., leading to a significant decline in share price [1][3][4]. Group 1: Lawsuit Details - The lawsuit is filed in the U.S. District Court for the Central District of California on behalf of investors who acquired Compass securities from May 1, 2024, to May 7, 2025 [1]. - Investors have until July 8, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Financial Irregularities - On May 7, 2025, Compass disclosed that it identified irregularities in Lugano's financing, accounting, and inventory practices, leading to the conclusion that the financial statements for fiscal 2024 require restatement [3]. - The announcement resulted in a share price drop of $10.70, approximately 62%, from $17.25 to $6.55 [3]. Group 3: Allegations in the Complaint - The complaint alleges that Compass failed to disclose unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable related to Lugano Holdings [4]. - It is claimed that these irregularities rendered the overall financial statements of Compass unreliable and necessitated restatement [4]. - The company is also accused of failing to maintain adequate internal controls over its financial statements [4].

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]

NEW YORK, May 12, 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 ...

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].

SAN DIEGO, May 12, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Compass Diversified Holdings (NYSE: CODI) publicly traded securities between May 1, 2024 and May 7, 2025, both dates inclusive (the “Class Period”), have until July 8, 2025 to seek appointment as lead plaintiff of the Compass Diversified class action lawsuit. Captioned Matthews v. Compass Group Diversified Holdings, LLC, No. 25-cv-00981 (C.D. Cal.), the Compass Diversified c ...

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].