Prnewswireยท2025-07-07 13:00Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Compass Group Diversified Holdings, LLC regarding potential legal action due to undisclosed financial issues related to its subsidiary, Lugano Holding, Inc. [1][2] Group 1: Allegations and Financial Impact - Shareholders who purchased shares of CODI from February 24, 2022, to May 7, 2025, are encouraged to contact the firm for possible lead plaintiff appointment [2] - The complaint alleges that Compass failed to disclose effective internal controls over financial reporting and critical information about Lugano, which had undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2] - Following the announcement on May 7, 2025, that its financial statements for fiscal 2024 could no longer be relied upon, Compass' stock price plummeted from $17.25 per share to $6.55 per share in one day [2] Group 2: Next Steps for Shareholders - The deadline for shareholders to register for the class action is July 8, 2025, and they will be enrolled in a portfolio monitoring software for status updates [3] - There is no cost or obligation for shareholders to participate in the case [3] Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [4]