Core Viewpoint - A class action lawsuit has been filed against Compass Diversified Holdings for allegedly making false and misleading statements regarding undisclosed financing arrangements and irregularities in its subsidiary's financial practices [1][2][3] Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Compass common stock between May 1, 2024, and May 7, 2025 [1] - Investors have until July 8, 2025, to seek appointment as lead plaintiff in the case [2][4] - The case is titled Matthews v. Compass Group Diversified Holdings, LLC, No. 25-cv-00981 (C.D. Cal.) [1] Group 2: Allegations - The lawsuit alleges that Compass and its executives made misleading statements due to undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable at its subsidiary, Lugano Holding, Inc. [2] - On May 7, 2025, Compass disclosed irregularities in Lugano's financing and accounting practices, leading to a restatement of its 2024 financial statements [3] - Following this announcement, Compass's stock price experienced a decline [3]
Abraham, Fruchter & Twersky, LLP, Notifies Shareholders of a Class Action Lawsuit on Behalf of Investors who Acquired Shares of Compass Diversified Holdings (NYSE: CODI, CODI-PA, CODI-PB, CODI-PC)