Compass Diversified Holdings has announced a delay in releasing its Q1 2025 Form 10-Q following the discovery of irregularities in the financial practices of its subsidiary, Lugano Holdings, Inc. The company revealed on May 7, 2025, that its 2024 financial statements should no longer be relied upon. Subsequently, on June 25, 2025, Compass also declared that its 2022 and 2023 financial statements were unreliable. This has led to a significant drop in Compass's stock price and pending securities class actions.
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