Latest news with #Compass'
Associated Press
04-06-2025
- Business
- Associated Press
ATTENTION COMPASS DIVERSIFIED HOLDINGS (CODI) SHAREHOLDERS: Securities Fraud Lawsuit Filed Against Compass Diversified Holdings
Philadelphia, Pennsylvania--(Newsfile Corp. - June 4, 2025) - 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 representative of the class. To learn your rights,CLICK HERE. Headquartered in Westport, Conn., Compass is a private equity firm which, in 2021, acquired a majority interest in Lugano Holdings, Inc., a designer of high-end jewelry, in a deal with an enterprise value of $256 million. According to the lawsuit, during the Class Period, Compass failed to disclose that: (i) Lugano had violated applicable accounting rules and industry practice during fiscal 2024; (ii) Lugano's 2024 financial results were artificially distorted by these accounting irregularities; and (iii) Compass failed to implement effective internal controls over Compass' financial reporting. On May 7, 2025, Compass revealed that it had identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices and had concluded that the previously issued financial statements for 2024 require restatement and should no longer be relied upon. On this news, the price of Compass' stock fell $10.70 per share, more than 62%, to close at $6.55 on May 8, 2025. To learn your rights or for more information,CLICK HEREor please contact Berger Montague: Andrew Abramowitz at[email protected]or (215) 875-3015, or Peter Hamner at[email protected]. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contact: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 [email protected] Peter Hamner Berger Montague PC [email protected] To view the source version of this press release, please visit
Business Upturn
30-05-2025
- Business
- Business Upturn
Wolf Popper LLP, a Nationally Recognized Law Firm, Notifies Investors That a Class Action Lawsuit Has Been Filed Against Compass Diversified Holdings: July 8, 2025 Filing Deadline in Securities Class Action Lawsuit
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) — Wolf Popper LLP announced that three class action lawsuits have been filed on behalf of investors who purchased Compass Diversified Holdings ('Compass') common or preferred stock (NYSE: CODI, CODI PR A, CODI PR B, CODI PR C) between May 1, 2024 and May 7, 2025. The lead plaintiff deadline is July 8, 2025. On May 7, 2025, Compass issued a press release 'disclos[ing] non-reliance on its financial statements for fiscal 2024 amid an ongoing internal investigation into its subsidiary, Lugano Holding, Inc.' and 'announc[ing] that it intends to delay the filing of its first quarter 2025 Form 10-Q.' The press release disclosed that '[t]he Audit Committee of CODI's Board of Directors promptly launched an investigation after CODI's senior leadership was made aware of concerns about how Lugano was potentially financing inventory' and that '[t]he investigation…is ongoing but has preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices.' Accordingly, '[a]fter discussing with senior leadership and investigators, the Audit Committee of CODI's Board has concluded that the previously issued financial statements for 2024 require restatement and should no longer be relied upon.' An 'irregularity' is defined in the accounting literature as an intentional misstatement of financial results. Furthermore, Compass disclosed Lugano's founder and CEO had resigned from all of his positions at Lugano. On this news, Compass' stock price collapsed $10.70 per share to $6.55 on May 8, 2025, down 62.0% on extremely heavy volume. Before the market opened on May 28, 2025, Compass announced it was taking steps to enhance its liquidity and reduce costs, including suspending Compass' quarterly dividend, in reaction to the Lugano investigation. Compass' intraday stock price is down 13.5% to $6.51 per share. Investors who lost over $50,000 trading in Compass common or preferred stock and who would like to discuss the investigation should contact Adam Savett at (212) 451-9655, or [email protected]. Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by courts that have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at May Be Considered Attorney Advertising in Certain Jurisdictions. Prior Results Do Not Guarantee a Similar Outcome. Wolf Popper LLPAdam Savett845 Third AvenueNew York, NY 10022Tel.: (212) 451-9655 Email: [email protected]
Associated Press
29-05-2025
- Business
- Associated Press
Compass Diversified Holdings: July 8, 2025 Filing Deadline in Securities Class Action Lawsuit – Contact Wolf Popper LLP
NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Wolf Popper LLP announced that three class action lawsuits have been filed on behalf of investors who purchased Compass Diversified Holdings ('Compass') common or preferred stock (NYSE: CODI, CODI PR A, CODI PR B, CODI PR C) between May 1, 2024 and May 7, 2025. The lead plaintiff deadline is July 8, 2025. On May 7, 2025, Compass issued a press release 'disclos[ing] non-reliance on its financial statements for fiscal 2024 amid an ongoing internal investigation into its subsidiary, Lugano Holding, Inc.' and 'announc[ing] that it intends to delay the filing of its first quarter 2025 Form 10-Q.' The press release disclosed that '[t]he Audit Committee of CODI's Board of Directors promptly launched an investigation after CODI's senior leadership was made aware of concerns about how Lugano was potentially financing inventory' and that '[t]he investigation…is ongoing but has preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices.' Accordingly, '[a]fter discussing with senior leadership and investigators, the Audit Committee of CODI's Board has concluded that the previously issued financial statements for 2024 require restatement and should no longer be relied upon.' An 'irregularity' is defined in the accounting literature as an intentional misstatement of financial results. Furthermore, Compass disclosed Lugano's founder and CEO had resigned from all of his positions at Lugano. On this news, Compass' stock price collapsed $10.70 per share to $6.55 on May 8, 2025, down 62.0% on extremely heavy volume. Before the market opened on May 28, 2025, Compass announced it was taking steps to enhance its liquidity and reduce costs, including suspending Compass' quarterly dividend, in reaction to the Lugano investigation. Compass' intraday stock price is down 13.5% to $6.51 per share. Investors who lost over $50,000 trading in Compass common or preferred stock and who would like to discuss the investigation should contact Adam Savett at (212) 451-9655, or [email protected]. Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by courts that have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at May Be Considered Attorney Advertising in Certain Jurisdictions. Prior Results Do Not Guarantee a Similar Outcome. Wolf Popper LLP Adam Savett 845 Third Avenue New York, NY 10022 Tel.: (212) 451-9655 Email: [email protected]
Business Wire
15-05-2025
- Business
- Business Wire
Deadline Alert: Compass Diversified (CODI) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP reminds investors of the upcoming deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Compass Diversified ('Compass' or the 'Company') (NYSE: CODI) securities between May 1, 2024 and May 7, 2025, inclusive (the 'Class Period'). IF YOU SUFFERED A LOSS ON YOUR COMPASS INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS. What Happened? On May 7, 2025, after the market closed, Compass disclosed that its financial statements for fiscal year 2024 should no longer be relied upon in response to an ongoing internal investigation into the Company's subsidiary, Lugano Holding, Inc. The Company revealed that the investigation 'has preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices.' Additionally, the Company disclosed that it would delay the filing of its first quarter 2025 10-Q. On this news, Compass' stock price fell $10.70, or 62%, to close at $6.55 per share on May 8, 2025, thereby injuring investors. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) certain unrecorded financing arrangements and irregularities identified in sales, cost of sales, inventory, and accounts receivable recorded by Compass' subsidiary, Lugano Holdings, Inc.; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired Compass securities during the Class Period, you may move the Court no later than July 8, 2025 to request appointment as lead plaintiff in this putative class action lawsuit. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@ Telephone: 310-201-9150, Toll-Free: 888-773-9224 Visit our website at Follow us for updates on LinkedIn, Twitter, or Facebook. If you inquire by email, please include your mailing address, telephone number and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Business Wire
14-05-2025
- Business
- Business Wire
Deadline Approaching: Compass Diversified (CODI) Investors Who Lost Money Urged To Contact Law Offices of Howard G. Smith
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Compass Diversified ('Compass' or the 'Company') (NYSE: CODI) securities between May 1, 2024 and May 7, 2025, inclusive (the 'Class Period'). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN COMPASS DIVERSIFIED (CODI), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@ by telephone at (215) 638-4847 or visit our website at What Happened? On May 7, 2025, after the market closed, Compass disclosed that its financial statements for fiscal year 2024 should no longer be relied upon in response to an ongoing internal investigation into the Company's subsidiary, Lugano Holding, Inc. The Company revealed that the investigation 'has preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices.' Additionally, the Company disclosed that it would delay the filing of its first quarter 2025 10-Q. On this news, Compass' stock price fell $10.70, or 62%, to close at $6.55 per share on May 8, 2025, thereby injuring investors. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) certain unrecorded financing arrangements and irregularities identified in sales, cost of sales, inventory, and accounts receivable recorded by Compass' subsidiary, Lugano Holdings, Inc.; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you purchased or otherwise acquired Compass securities during the Class Period, you may move the Court no later than July 8, 2025 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. Contact Us To Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, Telephone: (215) 638-4847 Email: howardsmith@ Visit our website at: To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
