SAN FRANCISCO, July 03, 2025 (GLOBE NEWSWIRE) -- After hours on June 25, 2025, Connecticut-based private equity firm Compass Diversified (NYSE: CODI) filed a report with the SEC warning investors not to rely on previously issued financial statements for its fiscal years ended- and interim periods within- December 31, 2022 and 2023, citing an expanded scope of previously disclosed accounting irregularities. The firm is navigating a turbulent period marked a precipitous stock decline, burgeoning class-action ...

SAN FRANCISCO, June 26, 2025 /PRNewswire/ -- After hours on June 25, 2025, Connecticut-based private equity firm Compass Diversified (NYSE: CODI) filed a report with the SEC warning investors not to rely on previously issued financial statements for its fiscal years ended- and interim periods within- December 31, 2022 and 2023, citing an expanded scope of previously disclosed accounting irregularities.The firm is navigating a turbulent period marked a precipitous stock decline, burgeoning class-action lawsu ...

SAN FRANCISCO, June 13, 2025 (GLOBE NEWSWIRE) -- Compass Diversified’s (NYSE: CODI) tumultuous spring continued as Jefferies analysts recently downgraded the company’s stock amid a sweeping securities class action lawsuit filed by investors, both moves stemming from a widening accounting scandal at its Lugano subsidiary.  The dual blows—Wall Street’s loss of confidence and mounting legal challenges—have sent Compass’s shares into a tailspin, erasing over 70% of the company’s market value over the past three ...

PHILADELPHIA, June 11, 2025 (GLOBE NEWSWIRE) -- The law firm of Barrack, Rodos & Bacine reminds investors who purchased stock in Compass Group Diversified Holdings, LLC (NYSE: CODI) between May 1, 2024, and May 7, 2025 have less than one month to seek appointment as lead plaintiff in a pending action against Compass.  Compass is an investment holding company and one of its subsidiary businesses is Lugano Holdings, Inc., a jewelry company. WHAT’S THIS ABOUT?On March 7, 2025, Compass announced that an ongoing ...

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified due to the company's announcement of a restatement of its 2024 financial statements, which were affected by undisclosed financing arrangements and irregularities in its Lugano business unit [1][4]. Group 1: Lawsuit Details - The lawsuit, Matthews v. Compass Diversified Holdings, LLC, seeks to represent investors who purchased Compass securities between May 1, 2024, and May 7, 2025 [1][2]. - The complaint alleges that Compass made false and misleading statements regarding its Lugano unit, which operates in the branded consumer goods sector, and failed to disclose critical information about undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2][3]. Group 2: Financial Impact - The alleged irregularities necessitated a restatement of Compass Diversified's 2024 financial statements, rendering them unreliable [3]. - Following the disclosure of these issues, Compass announced a delay in filing its first-quarter 2025 Form 10-Q, leading to a 60% drop in its stock price in a single trading day, significantly impacting shareholder value [5][6]. Group 3: Regulatory Violations - The lawsuit claims that Compass violated the Securities Exchange Act of 1934 by making untrue statements of material fact and omitting necessary information that would prevent the statements from being misleading [6]. - Hagens Berman, the law firm investigating the claims, expressed concern over the alleged accounting irregularities and the potential misrepresentation of financial figures that could have misled investors [8].

Firm Investigating Possible Violations of U.S. Securities LawsSAN FRANCISCO, May 9, 2025 /PRNewswire/ -- Compass Diversified (NYSE: CODI), a Westport, Connecticut-based investment firm, saw its stock plunge 59% on Thursday, May 8, after announcing that its 2024 financial statements could no longer be relied upon due to irregularities uncovered at its Lugano Holding subsidiary. Hagens Berman is investigating potential violations of the U.S. securities laws and urges investors who purchased Compass shares and ...

SAN FRANCISCO, May 08, 2025 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI), a Westport, Connecticut-based investment firm, saw its stock plunge 59% on Thursday, May 8, after announcing that its 2024 financial statements could no longer be relied upon due to irregularities uncovered at its Lugano Holding subsidiary.   Hagens Berman is investigating potential violations of the U.S. securities laws and urges investors who purchased Compass shares and suffered substantial losses to submit your losses now. ...

BOSTON, May 07, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Compass Diversified Holdings (“Compass” or the “Company”) (NASDAQ:CODI). About the Investigation On May 7, 2025, after the markets closed, Compass filed a Form 8-K which stated that the Audit Committee of Board of Directors “commenced an internal investigation into the financing, accounting, and inventory practices of Lugano Holding, Inc. (‘Lugano’), a subsidiary and operating s ...