{"id":7709,"date":"2025-06-25T09:29:00","date_gmt":"2025-06-25T02:29:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2025\/06\/25\/3104774\/6713\/en\/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-Clas.html"},"modified":"2025-06-25T09:32:21","modified_gmt":"2025-06-25T02:32:21","slug":"compass-diversified-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsu","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/compass-diversified-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsu\/","title":{"rendered":"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 Lawsuit Against Compass Diversified Holdings - CODI"},"content":{"rendered":"\n

NEW YORK and NEW ORLEANS, June 24, 2025 (GLOBE NEWSWIRE) — Kahn Swick & Foti<\/a>, LLC (\u201cKSF\u201d) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 8, 2025<\/u><\/strong> to file lead plaintiff applications in a securities class action lawsuit against Compass Diversified<\/a> Holdings (NYSE: CODI), if they purchased the Company\u2019s securities between May 1, 2024 and May 7, 2025, inclusive (the \u201cClass Period\u201d). This action is pending in the United States District Court for the Central District of California.<\/p>\n

What You May Do<\/p>\n

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 (lewis.kahn@ksfcounsel.com), or visit https:\/\/www.ksfcounsel.com\/cases\/nyse-codi\/<\/a> 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<\/u><\/strong>.<\/p>\n

About the Lawsuit<\/p>\n

Compass and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.<\/p>\n

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 \u201cthe 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\u201d and that \u201c[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.\u201d The Company further disclosed that \u201c[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\u201d and that \u201c[t]he investigation . . . is ongoing but has preliminarily identified irregularities in Lugano’s non-CODI financing, accounting, and inventory practices.\u201d<\/p>\n

On this news, the price of Compass\u2019 shares plummeted approximately 62%, from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025.<\/p>\n

The case is Matthews v. Compass Group Diversified Holdings, Inc., et al.,<\/em> No. 25-cv-981.<\/p>\n

About Kahn Swick & Foti, LLC<\/p>\n

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.<\/p>\n

TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services<\/p>\n

To learn more about KSF, you may visit www.ksfcounsel.com<\/a>.<\/p>\n

Contact:<\/p>\n

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com<\/a>
<\/u>1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163<\/p>\n

CONNECT WITH US: FaceBook<\/a> || Instagram<\/a> || YouTube<\/a> || TikTok<\/a> || LinkedIn<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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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\u2019s securities between May 1, 2024 and May 7, 2025, inclusive (the \u201cClass Period\u201d). 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