Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for failing to disclose significant accounting irregularities related to its acquisition of Lugano Holdings, which may have distorted financial results during the Class Period [1][3]. Company Overview - Compass Diversified Holdings is a private equity firm headquartered in Westport, Connecticut, which acquired a majority interest in Lugano Holdings, Inc. in 2021 for an enterprise value of $256 million [2]. Legal Allegations - The lawsuit alleges that during the Class Period, Compass did not disclose that: - Lugano violated applicable accounting rules and industry practices in fiscal 2024 [3]. - Lugano's 2024 financial results were artificially distorted due to these accounting irregularities [3]. - Compass failed to implement effective internal controls over its financial reporting [3]. Investor Information - Investors who purchased Compass securities during the Class Period have until July 8, 2025, to seek appointment as a lead plaintiff representative of the class [2].
DEADLINE NEXT WEEK: Berger Montague Advises Compass Diversified Holdings (NYSE: CODI) Investors to Contact the Firm Before July 8, 2025