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Investors who lost money on Compass Group Diversified Holdings, LLC (CODI) should contact Levi & Korsinsky about pending Class Action - CODI
pass Diversified LLCpass Diversified LLC(US:CODI) GlobeNewswire News Room·2025-07-03 20:30

Core Viewpoint - A class action securities lawsuit has been filed against Compass Group Diversified Holdings, LLC due to alleged securities fraud affecting investors between February 24, 2022, and May 7, 2025 [1][2] Group 1: Allegations and Impact - The lawsuit claims that Compass Diversified failed to disclose effective internal controls over financial reporting and critical information regarding its subsidiary, Lugano Holding, Inc., which had undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2] - On May 7, 2025, Compass announced that its financial statements for fiscal 2024 could no longer be relied upon due to an internal investigation into Lugano, leading to a significant drop in stock price from $17.25 per share to $6.55 per share within one day [2] Group 2: Legal Proceedings - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff in the class action lawsuit [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4]