Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for failing to disclose material information, leading to significant financial losses for investors during the class period from May 1, 2024, to May 7, 2025 [1][3]. Group 1: Lawsuit Details - Investors who purchased securities of Compass during the class period have until July 8, 2025, to file lead plaintiff applications [1][2]. - The lawsuit alleges that Compass and certain executives violated federal securities laws by not disclosing critical information [3]. - Following the announcement of an internal investigation and the need to restate financial statements for fiscal 2024, Compass's share price dropped approximately 62%, from 6.55 on May 8, 2025 [4]. Group 2: Company Background - Compass Diversified Holdings is currently under scrutiny due to irregularities identified in its subsidiary, Lugano Holding, Inc., related to financing, accounting, and inventory practices [4]. - The Audit Committee of Compass's Board has initiated an investigation after concerns were raised about Lugano's financial practices [4]. - Kahn Swick & Foti, LLC, the law firm handling the case, is recognized as one of the top securities litigation firms in the nation, serving various clients seeking recoveries for investment losses [5].
COMPASS DIVERSIFIED SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Compass Diversified Holdings - CODI