Barrack, Rodos & Bacine Notifies Shareholders of Compass Group Diversified Holdings LLC (CODI) of a Securities Class Action Lawsuit

Core Points - A class action lawsuit has been filed against Compass Group Diversified Holdings, LLC (NYSE: CODI) for investors who purchased stock between May 1, 2024, and May 7, 2025 [1] - An investigation into Lugano Holdings, a subsidiary of Compass, revealed irregularities in accounting and inventory practices, leading to the conclusion that previously issued financial statements for 2024 should not be relied upon [2] - Following the announcement of the investigation, Compass's share price dropped by 62%, from $17.25 to $6.55 per share [3] Company Specifics - The resignation of Lugano's founder and CEO, Moti Ferder, was announced, effective immediately, with no severance compensation [3] - The lawsuit alleges that Compass failed to maintain adequate internal controls over its financial statements, making them unreliable and misleading [3] Legal and Investor Actions - Investors who purchased Compass stock during the class period and incurred losses are encouraged to contact the law firm for potential participation in the class action lawsuit [4] - The deadline for investors to submit a motion to be appointed as lead plaintiff is July 8, 2025 [5] Law Firm Background - Barrack, Rodos & Bacine has extensive experience in prosecuting securities law class actions, achieving significant recoveries in past cases [6]