Core Viewpoint - Compass Diversified Holdings is facing securities class action lawsuits due to alleged failure to disclose material information during the class period from March 1, 2023, to May 7, 2025, which has resulted in significant financial losses for investors [1][3]. Group 1: Legal Actions - Investors have until July 8, 2025, to file lead plaintiff applications in the ongoing class action lawsuits against Compass Diversified Holdings [1][2]. - The lawsuits are based on claims that Compass and its executives violated federal securities laws by not disclosing critical information during the specified class period [3]. Group 2: Company Disclosure and Impact - On May 7, 2025, Compass disclosed that its financial statements for fiscal 2024 would require restatement due to an ongoing internal investigation into its subsidiary, Lugano Holding, Inc. [4]. - The investigation revealed irregularities in Lugano's financing, accounting, and inventory practices, leading to the resignation of Lugano's founder and CEO, Moti Ferder [4]. - Following this announcement, Compass' share price dropped approximately 62%, from $17.25 to $6.55 per share within a day [4]. Group 3: Firm Background - Kahn Swick & Foti, LLC is a prominent securities litigation law firm involved in representing investors in cases of corporate fraud and malfeasance [5]. - The firm has been recognized among the top 10 firms nationally based on total settlement value [5].
COMPASS DIVERSIFIED SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Compass Diversified Holdings - CODI