NEW YORK, June 16, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Compass Group Diversified Holdings, LLC (NYSE: CODI).Shareholders who purchased shares of CODI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/compass-diversified-loss-submission-form/?id=152947&from=4CLASS PER ...

Core Viewpoint - Scott+Scott Attorneys at Law LLP is investigating potential misleading statements and failures to disclose material information by Compass Diversified Holdings and its officers, which may violate federal securities laws [1]. Company Overview - Compass Diversified Holdings owns and manages a diverse portfolio of middle-market businesses, including Lugano Holdings, Inc., a luxury jewelry designer and manufacturer [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, which identified irregularities in financing, accounting, and inventory practices [3]. - Following the announcement, the stock price of Compass fell by $10.70, nearly 62%, closing at $6.55 on May 8, 2025, with unusually high trading volume [3].

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, captioned 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 on May 7, 2025, that investors should not rely on its fiscal 2024 financial statements due to an ongoing internal investigation, Compass's stock price dropped approximately 62%, from $17.25 per share to $6.55 per share [4]. - The company indicated that it had identified irregularities in Lugano's financing, accounting, and inventory practices, leading to the resignation of Lugano's founder and CEO without severance compensation [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Compass Diversified Holdings during the specified class period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][5]. Group 1: Class Action Details - The class period for the Compass securities class action is from May 1, 2024, to May 7, 2025 [1]. - Investors 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 Rosen Law Firm [3][6]. Group 2: Allegations Against Compass - The lawsuit alleges that Compass's subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its financial reporting [5]. - It is claimed that these irregularities rendered Compass's overall financial statements unreliable and would necessitate a restatement [5]. - The lawsuit also states that Compass failed to maintain adequate internal controls over its financial statements, leading to materially false and misleading public statements [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4].

NEW YORK, June 13, 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 ...

Core Viewpoint - Compass Diversified is facing significant challenges due to an accounting scandal at its subsidiary Lugano, leading to a stock downgrade and a class action lawsuit from investors, resulting in a loss of over 70% of its market value in three months [1][3][4]. Group 1: Stock Performance and Analyst Actions - Jefferies analysts downgraded Compass Diversified's stock from Buy to Hold due to a deepening investigation into accounting irregularities at Lugano Holdings [2][3]. - The price target for Compass's stock was slashed from $28.00 to $7.30, reflecting zero value assigned to Lugano amid expectations of a prolonged recovery [3]. Group 2: Legal and Regulatory Challenges - A securities class action lawsuit has been filed against Compass, alleging that the company misled investors regarding accounting issues at Lugano, affecting financial statements for 2024 [6][8]. - S&P Global Ratings downgraded Compass's credit rating to 'B-' and placed it on CreditWatch with negative implications due to unreliable financial statements [4]. Group 3: Company Response and Leadership Changes - In response to the crisis, Compass has entered a forbearance agreement with lenders, suspended quarterly distributions, and halted further investments in Lugano [5]. - Leadership changes occurred with Josh Gaynor appointed as interim CEO following the resignation of Lugano's founder, Moti Ferder [5]. Group 4: Historical Context and Future Implications - The acquisition of Lugano in 2021, valued at $256 million, is now viewed as risky due to alleged failures in internal controls that left investors exposed to hidden liabilities [7].

NEW YORK, June 13, 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/pslr ...

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for irregularities in financial reporting and practices related to its acquisition of Lugano Holdings, leading to a significant drop in stock price [1][3]. Group 1: Company Overview - Compass Diversified Holdings is a private equity firm headquartered in Westport, Connecticut [2]. - In 2021, Compass acquired a majority interest in Lugano Holdings, Inc., a high-end jewelry designer, for an enterprise value of $256 million [2]. Group 2: Legal Action Details - The class action lawsuit pertains to investors who purchased Compass securities between May 1, 2024, and May 7, 2025 [1]. - Investors have until July 8, 2025, to seek appointment as lead plaintiff in the class action [2]. Group 3: Financial Irregularities - On May 7, 2025, Compass disclosed irregularities in Lugano's non-CODI financing, accounting, and inventory practices, necessitating a restatement of previously issued financial statements for 2024 [3]. - Following this announcement, Compass' stock price plummeted by $10.70 per share, a decline of over 62%, closing at $6.55 on May 8, 2025 [3].

SAN DIEGO, June 12, 2025 (GLOBE NEWSWIRE) -- 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 Tuesday, July 8, 2025 to seek appointment as lead plaintiff of the Compass Diversified class action lawsuit. Captioned Augenbaum v. Compass Diversified Holdings, No. 25-cv-01003 (C.D. Cal.), the Compass Diversified class action laws ...

NEW YORK, June 12, 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 ...