Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for irregularities in financial reporting related to its acquisition of Lugano Holdings, leading to a significant drop in stock price [1][3]. Group 1: Company Overview - Compass Diversified Holdings is a private equity firm headquartered in Westport, Connecticut [2]. - In 2021, Compass acquired a majority interest in Lugano Holdings, Inc., a high-end jewelry designer, for an enterprise value of $256 million [2]. Group 2: Legal Developments - The class action lawsuit pertains to investors who purchased Compass securities between May 1, 2024, and May 7, 2025 [1]. - Investors have until July 8, 2025, to seek appointment as lead plaintiff in the class action [2]. - On May 7, 2025, Compass disclosed irregularities in Lugano's financing, accounting, and inventory practices, necessitating a restatement of previously issued financial statements for 2024 [3]. Group 3: Market Impact - Following the announcement of the financial irregularities, Compass' stock price fell by $10.70 per share, a decline of over 62%, closing at $6.55 on May 8, 2025 [3].

PHILADELPHIA, June 30, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI) on behalf of purchasers of Compass securities between May 1, 2024 through May 7, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired Compass securities during the Class Period may, no later than JULY 8, 2025, seek to be appointed as a lead plaintiff rep ...

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for failing to disclose significant accounting irregularities related to its acquisition of Lugano Holdings, impacting the financial reporting during the Class Period from May 1, 2024, to May 7, 2025 [1][3]. Company Overview - Compass Diversified Holdings is a private equity firm headquartered in Westport, Connecticut, which acquired a majority interest in Lugano Holdings, Inc., a high-end jewelry designer, in a deal valued at $256 million in 2021 [2]. Legal Allegations - The lawsuit alleges that Compass did not disclose that Lugano violated accounting rules and industry practices during fiscal 2024, leading to distorted financial results due to these irregularities [3]. - It is also claimed that Compass failed to implement effective internal controls over its financial reporting [3]. Investor Information - Investors who purchased Compass securities during the Class Period have until July 8, 2025, to seek appointment as a lead plaintiff representative of the class [2].

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for failing to disclose significant accounting irregularities related to its acquisition of Lugano Holdings, leading to a substantial drop in stock price [1][3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of purchasers of Compass securities from May 1, 2024, to May 7, 2025, inclusive [1]. - Investors have until July 8, 2025, to seek appointment as lead plaintiff [2]. - The lawsuit alleges that Compass did not disclose violations of accounting rules by Lugano and that financial results were distorted due to these irregularities [3]. Group 2: Financial Impact - On May 7, 2025, Compass announced the need to restate its 2024 financial statements due to identified irregularities, causing its stock price to fall by $10.70, a decline of over 62%, closing at $6.55 on May 8, 2025 [4]. Group 3: Company Background - Compass Diversified Holdings is a private equity firm based in Westport, Connecticut, which acquired a majority interest in Lugano Holdings in 2021 for an enterprise value of $256 million [2].

PHILADELPHIA, May 20, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Compass Diversified Holdings ("Compass" or the "Company") (NYSE: CODI) on behalf of purchasers of Compass securities between May 1, 2024 through May 7, 2025, inclusive (the "Class Period"). Investor Deadline: Investors who purchased or acquired Compass securities during the Class Period may, no later than JULY 8, 2025, seek to be appointed as a lead plaintiff represen ...

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for failing to disclose significant accounting irregularities related to its acquisition of Lugano Holdings, leading to a substantial drop in stock price [1][3][4]. Company Overview - Compass Diversified Holdings is a private equity firm headquartered in Westport, Connecticut, which acquired a majority interest in Lugano Holdings, Inc., a high-end jewelry designer, in 2021 for an enterprise value of $256 million [2]. Lawsuit Details - The lawsuit claims that during the class period from May 1, 2024, to May 7, 2025, Compass did not disclose that Lugano violated accounting rules and that its 2024 financial results were distorted due to these irregularities [3]. - Compass also allegedly failed to implement effective internal controls over its financial reporting [3]. Stock Price Impact - Following the announcement of identified irregularities in Lugano's financial practices on May 7, 2025, Compass's stock price fell by $10.70 per share, a decline of over 62%, closing at $6.55 on May 8, 2025 [4].