BOSTON, MA / ACCESS Newswire / May 9, 2025 / Block & Leviton announces that a securities fraud lawsuit has been filed against Compass Diversified Holdings (NYSE:CODI, CODI-PB, CODI-PA, CODI-PC) and certain of its executives. Investors who have lost money in their Compass Diversified Holdings investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/codi.
What is this all about?
Shares of Compass Diversified Holdings fell over 60% in intraday trading on May 8, 2025, following the company's disclosure that its 2024 financial statements should no longer be relied upon due to irregularities at its subsidiary, Lugano Holding, Inc. Compass launched an internal investigation into Lugano's financial reporting practices and identified "irregularities in sales, cost of sales, inventory, and accounts receivable," as well as "unrecorded financing arrangements." The company has announced a delay in filing its Q1 2025 Form 10-Q following the disclosure, and Lugano's founder and CEO has resigned without compensation.
Who is eligible?
Anyone who purchased Compass Diversified Holdings common stock between May 1, 2024, and May 7, 2025, and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is July 8, 2025. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about Compass Diversified Holdings, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at whistleblowers@blockleviton.com or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: shareholders@blockleviton.com
SOURCE: Block & Leviton LLP
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