Core Viewpoint - A class action lawsuit has been filed against Compass Diversified for allegedly making false and misleading statements regarding its financial practices and internal controls during the specified Class Period [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Central District of California on behalf of all individuals and entities who purchased Compass securities between May 1, 2024, and May 7, 2025 [1]. - Investors have until July 8, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Allegations Against the Company - The lawsuit claims that Compass's subsidiary, Lugano Holdings, Inc., had unrecorded financing arrangements and irregularities in its sales, cost of sales, inventory, and accounts receivable [3]. - It is alleged that these irregularities rendered the financial statements of Compass unreliable and would necessitate a restatement [3]. - The company is accused of failing to maintain adequate internal controls related to its financial statements, leading to materially false and misleading public statements [3].
COMPASS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Compass Diversified and Encourages Investors to Contact the Firm