Deadline Alert: Compass Group Diversified Holdings (CODI) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Core Points - Compass Group Diversified Holdings is facing a class action lawsuit due to alleged misleading statements and undisclosed irregularities related to its subsidiary, Lugano Holding, Inc. [2][4] - The lawsuit is open for investors who purchased Compass securities between May 1, 2024, and May 7, 2025, with a deadline to file a lead plaintiff motion by July 8, 2025 [1][5] - Following the disclosure of financial irregularities, Compass' stock price plummeted by 62%, closing at $6.55 per share on May 8, 2025 [3] Company Financial Issues - On May 7, 2025, Compass announced that its financial statements for fiscal year 2024 should no longer be relied upon due to an ongoing internal investigation [2] - The investigation has identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices [2] Allegations in the Lawsuit - The class action complaint alleges that Compass made materially false and misleading statements throughout the class period, failing to disclose significant adverse facts about its business and operations [4] - Specific allegations include undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable related to Lugano Holdings, Inc. [4]