PHILADELPHIA, PA / ACCESS Newswire / May 9, 2025 / Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Compass Group Diversified Holdings LLC d/b/a Compass Diversified Holdings ("Compass Diversified" or the "Company") (NYSE:CODI).
On May 7, 2025, Compass Diversified reported that its "consolidated financial statements and other financial information for the fiscal year ended December 31, 2024 should no longer be relied upon due to the materiality of the preliminary findings of the investigation" related to the "financing, accounting, and inventory practices" of its subsidiary, Lugano Holding, Inc. ("Lugano").
Compass Diversified also reported that "[i]n connection with the ongoing investigation, on May 7, 2025, Mordechai Haim 'Moti' Ferder, resigned from his position as Chief Executive Officer of Lugano, and from all offices and directorships previously held with Lugano and its subsidiaries and affiliates."
On this news, the stock price of Compass Diversified closed down 62% on May 8, 2025.
Compass Diversified investors are encouraged to complete Kehoe Law Firm's Stockholder Information Request Form or send us a message to contact an attorney to learn more about the securities investigation and receive a free, no-obligation legal evaluation of potential claims.
For direct inquiries, Compass Diversified shareholders should contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, myarnoff@kehoelawfirm.com, info@kehoelawfirm.com.
Additional information can be obtained at https://kehoelawfirm.com/compass-diversified-stock-codi/.
ABOUT KEHOE LAW FIRM, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
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SOURCE: Kehoe Law Firm, P.C.
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