Group 1 - Three class action lawsuits have been filed on behalf of investors who purchased Compass Diversified Holdings common stock between May 1, 2024 and May 7, 2025, with a lead plaintiff deadline of July 8, 2025 [1] - On May 7, 2025, Compass disclosed non-reliance on its financial statements for fiscal 2024 due to an ongoing internal investigation into its subsidiary, Lugano Holding, Inc, which identified irregularities in financing, accounting, and inventory practices [2] - Following the announcement, Compass' stock price dropped by 6.55 on May 8, 2025, representing a decline of 62.0% on heavy trading volume [2] Group 2 - The Audit Committee of Compass Diversified Holdings' Board of Directors initiated an investigation after concerns were raised about Lugano's financing practices, leading to the conclusion that the financial statements for 2024 require restatement [2] - The founder and CEO of Lugano resigned from all positions amid the investigation [2]
Compass Diversified Holdings: July 8, 2025 Filing Deadline in Securities Class Action Lawsuit – Contact Wolf Popper LLP