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SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Compass Diversified Holdings (NYSE: CODI)
pass Diversified LLCpass Diversified LLC(US:CODI) GlobeNewswire News Roomยท2025-06-19 12:15

Core Viewpoint - A class action lawsuit has been filed against Compass Group Diversified Holdings, LLC and its senior officers for alleged violations of the Securities Exchange Act of 1934, related to misrepresentations about financing arrangements and irregularities in financial reporting [1][3]. Group 1: Legal Action Details - The complaint was filed in the United States District Court for the Central District of California on behalf of investors who acquired Compass securities between May 1, 2024, and May 7, 2025 [1]. - The allegations include misrepresentations concerning unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable of the subsidiary, Lugano Holdings, Inc. [3]. Group 2: Class Action Participation - Investors who purchased Compass securities are encouraged to discuss their legal rights and options, with contact information provided for further inquiries [2]. - Individuals interested in serving as lead plaintiff must file necessary documents by July 8, 2025, although participation as a class member does not require serving as lead plaintiff [4]. Group 3: Law Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented both individual investors and large pension funds [5]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" and listed in The Legal 500 for several consecutive years [5].