Latest news with #non-CODI
Business Upturn
3 days ago
- 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
4 days ago
- 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]
Associated Press
6 days ago
- Business
- Associated Press
CODI SECURITIES NOTICE: Did Compass Diversified Holdings Commit Securities Fraud? Contact BFA Law about the Class Action Lawsuit by July 8
NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Compass Diversified Holdings and Compass Group Diversified Holdings, LLC (NYSE: CODI) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Compass you are encouraged to obtain additional information by visiting Investors have until July 8, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Compass securities. The case is pending in the U.S. District Court for the Central District of California and is captioned Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981. Why was Compass Sued for Securities Fraud? Compass is a statutory trust that acquires and manages a group of small and middle-market businesses. This includes Lugano Holdings, Inc., a designer, manufacturer, and marketer of high-end jewelry. The complaint alleges that the Company's fiscal 2024 financial statements contained material misstatements relating to unrecorded financing arrangements and irregularities identified in sales, cost of sales, inventory, and accounts receivable recorded by Lugano. The Stock Declines as the Truth is Revealed On May 7, 2025, after the market closed, Compass announced that investors should not rely on its fiscal 2024 financial statements amid an ongoing internal investigation, led by outside counsel and a forensic accounting firm, into Lugano. The Company stated that it has 'preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices.' The Company also announced that it intended to delay the filing of its Q1 2025 financial results, and that Lugano's founder and CEO, Moti Ferder, resigned from his positions at Lugano and will not receive any severance compensation. On this news, the price of Compass stock declined roughly 62%, from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025. Click here if you suffered losses: What Can You Do? If you invested in Compass you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact: Ross Shikowitz [email protected] 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes.
Business Upturn
25-05-2025
- Business
- Business Upturn
CODI FRAUD: Suffer Losses on Compass Diversified Holdings? You may have been Affected by Fraud and are Urged to Contact BFA Law (NYSE:CODI)
NEW YORK, May 25, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Compass Diversified Holdings and Compass Group Diversified Holdings, LLC (NYSE: CODI) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Compass you are encouraged to obtain additional information by visiting Investors have until July 8, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Compass securities. The case is pending in the U.S. District Court for the Central District of California and is captioned Matthews v. Compass Group Diversified Holdings, Inc., et al. , No. 25-cv-981. Why was Compass Sued for Securities Fraud? Compass is a statutory trust that acquires and manages a group of small and middle-market businesses. This includes Lugano Holdings, Inc., a designer, manufacturer, and marketer of high-end jewelry. The complaint alleges that the Company's fiscal 2024 financial statements contained material misstatements relating to unrecorded financing arrangements and irregularities identified in sales, cost of sales, inventory, and accounts receivable recorded by Lugano. The Stock Declines as the Truth is Revealed On May 7, 2025, after the market closed, Compass announced that investors should not rely on its fiscal 2024 financial statements amid an ongoing internal investigation, led by outside counsel and a forensic accounting firm, into Lugano. The Company stated that it has 'preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices.' The Company also announced that it intended to delay the filing of its Q1 2025 financial results, and that Lugano's founder and CEO, Moti Ferder, resigned from his positions at Lugano and will not receive any severance compensation. On this news, the price of Compass stock declined roughly 62%, from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025. Click here if you suffered losses: What Can You Do? If you invested in Compass you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact:Ross Shikowitz [email protected] 212-789-3619
Malaysian Reserve
24-05-2025
- Business
- Malaysian Reserve
COMPASS DIVERSIFIED SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsui
NEW YORK and NEW ORLEANS, May 23, 2025 /PRNewswire/ — Kahn Swick & Foti, LLC ('KSF') and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 8, 2025 to file lead plaintiff applications in a securities class action lawsuit against Compass Diversified Holdings (NYSE: CODI), if they purchased the Company's securities between May 1, 2024 and May 7, 2025, inclusive (the 'Class Period'). This action is pending in the United States District Court for the Central District of California. What You May Do If you purchased securities of Compass and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( or visit to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 8, 2025. About the Lawsuit Compass and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On May 7, 2025, the Company issued a press release entitled 'Compass Diversified Discloses Non-Reliance on Financial Statements for Fiscal 2024 Amid an Ongoing Internal Investigation into its Subsidiary, Lugano Holding, Inc.,' disclosing that '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' and that '[e]ffective May 7, 2025, Lugano's founder and CEO, Moti Ferder, resigned from all of his positions at Lugano and will not receive any severance compensation.' The Company further 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.' On this news, the price of Compass' shares plummeted approximately 62%, from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025. The case is Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services To learn more about KSF, you may visit Contact:Kahn Swick & Foti, LLCLewis Kahn, Managing Poydras St., Suite 960New Orleans, LA 70163https://
