Core Viewpoint - Compass Group Diversified Holdings, LLC (CODI) is facing a class action lawsuit due to irregularities in its financial statements and ongoing internal investigations, leading to significant stock price decline [1][3][5]. Group 1: Class Action Lawsuit - Investors who purchased CODI securities between February 24, 2022, and May 7, 2025, are eligible to join a class action lawsuit [1]. - The deadline for CODI investors to file a lead plaintiff motion is July 8, 2025 [1]. Group 2: Financial Irregularities - On May 7, 2025, CODI announced it could no longer rely on its fiscal year 2024 financial statements due to an internal investigation into its subsidiary, Lugano Holding, Inc. [3]. - The investigation was initiated after concerns were raised regarding Lugano's inventory financing practices, revealing irregularities in third-party financing, accounting, and inventory management [4]. Group 3: Stock Price Impact - Following the announcement of the financial irregularities, CODI's stock price plummeted by $10.70 per share, representing a 62.03% decrease, closing at $6.55 per share on May 8, 2025 [5].
Compass Group Diversified Holdings, LLC Investors: Please contact the Portnoy Law Firm to recover your losses. July 8, 2025 Deadline to file Lead Plaintiff Motion.