Compass Diversified Faces Lawsuit Over Alleged Accounting Irregularities at Lugano Holdings

Reuters

09 Jun

Compass Diversified Faces Lawsuit Over Alleged Accounting Irregularities at Lugano Holdings

Compass Diversified Holdings Faces Securities Class Action Over Accounting Issues Philadelphia, PA-June 9, 2025-A securities class action lawsuit has been filed against Compass Diversified Holdings (NYSE: CODI) concerning accounting irregularities at its subsidiary, Lugano Holdings, Inc. The lawsuit, filed on behalf of investors who purchased Compass securities between May 1, 2024, and May 7, 2025, alleges that Compass failed to disclose Lugano's violation of applicable accounting rules during fiscal 2024. This resulted in distorted financial results for Lugano, and Compass reportedly did not implement effective internal controls over its financial reporting. Investors have until July 8, 2025, to seek appointment as lead plaintiff in the case. Berger Montague PC, a firm with extensive experience in securities litigation, is representing the plaintiffs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Diversified Holdings published the original content used to generate this news brief via Newsfile (Ref. ID: 254923) on June 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2542800773"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2542800773\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2542800773?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-09 21:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2542800773","market":"us","top_or_hot":-1,"title":"Compass Diversified Faces Lawsuit Over Alleged Accounting Irregularities at Lugano Holdings","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Compass Diversified Faces Lawsuit Over Alleged Accounting Irregularities at Lugano Holdings\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/CODI\">Compass Diversified Holdings</a> Faces Securities Class Action Over Accounting Issues Philadelphia, PA-June 9, 2025-A securities class action lawsuit has been filed against Compass Diversified Holdings (NYSE: CODI) concerning accounting irregularities at its subsidiary, Lugano Holdings, Inc. The lawsuit, filed on behalf of investors who purchased Compass securities between May 1, 2024, and May 7, 2025, alleges that Compass failed to disclose Lugano's violation of applicable accounting rules during fiscal 2024. This resulted in distorted financial results for Lugano, and Compass reportedly did not implement effective internal controls over its financial reporting. Investors have until July 8, 2025, to seek appointment as lead plaintiff in the case. Berger Montague PC, a firm with extensive experience in securities litigation, is representing the plaintiffs.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Diversified Holdings published the original content used to generate this news brief via Newsfile (Ref. ID: 254923) on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Compass Diversified Faces Lawsuit Over Alleged Accounting Irregularities at Lugano Holdings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCompass Diversified Faces Lawsuit Over Alleged Accounting Irregularities at Lugano Holdings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-09 21:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Compass Diversified Faces Lawsuit Over Alleged Accounting Irregularities at Lugano Holdings\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/CODI\">Compass Diversified Holdings</a> Faces Securities Class Action Over Accounting Issues Philadelphia, PA-June 9, 2025-A securities class action lawsuit has been filed against Compass Diversified Holdings (NYSE: CODI) concerning accounting irregularities at its subsidiary, Lugano Holdings, Inc. The lawsuit, filed on behalf of investors who purchased Compass securities between May 1, 2024, and May 7, 2025, alleges that Compass failed to disclose Lugano's violation of applicable accounting rules during fiscal 2024. This resulted in distorted financial results for Lugano, and Compass reportedly did not implement effective internal controls over its financial reporting. Investors have until July 8, 2025, to seek appointment as lead plaintiff in the case. Berger Montague PC, a firm with extensive experience in securities litigation, is representing the plaintiffs.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Diversified Holdings published the original content used to generate this news brief via Newsfile (Ref. ID: 254923) on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDL1YP2FX:1","article_id":"2542800773","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542800773","pubTimestamp":1749476989,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Compass Diversified Holdings Faces Securities Class Action Over Accounting Issues Philadelphia, PA-June 9, 2025-A securities class action lawsuit has been filed against Compass Diversified Holdings  concerning accounting irregularities at its subsidiary, Lugano Holdings, Inc. The lawsuit, filed on behalf of investors who purchased Compass securities between May 1, 2024, and May 7, 2025, alleges that Compass failed to disclose Lugano's violation of applicable accounting rules during fiscal 2024. This resulted in distorted financial results for Lugano, and Compass reportedly did not implement effective internal controls over its financial reporting. Investors have until July 8, 2025, to seek appointment as lead plaintiff in the case. Berger Montague PC, a firm with extensive experience in securities litigation, is representing the plaintiffs.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Compass Diversified因卢加诺控股涉嫌会计违规而面临诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CODI":0.9},"content_text":"Compass Diversified Faces Lawsuit Over Alleged Accounting Irregularities at Lugano Holdings\n    \n\nCompass Diversified Holdings Faces Securities Class Action Over Accounting Issues Philadelphia, PA-June 9, 2025-A securities class action lawsuit has been filed against Compass Diversified Holdings (NYSE: CODI) concerning accounting irregularities at its subsidiary, Lugano Holdings, Inc. The lawsuit, filed on behalf of investors who purchased Compass securities between May 1, 2024, and May 7, 2025, alleges that Compass failed to disclose Lugano's violation of applicable accounting rules during fiscal 2024. This resulted in distorted financial results for Lugano, and Compass reportedly did not implement effective internal controls over its financial reporting. Investors have until July 8, 2025, to seek appointment as lead plaintiff in the case. Berger Montague PC, a firm with extensive experience in securities litigation, is representing the plaintiffs.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Diversified Holdings published the original content used to generate this news brief via Newsfile (Ref. ID: 254923) on June 09, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory,event","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}