Compass Diversified Holdings has announced the restatement of its financial results for the year 2024, following the identification of irregularities in the non-CODI financing, accounting, and inventory practices of its subsidiary, Lugano Holdings. The company revealed that the previously issued financial statements require restatement and should no longer be relied upon. As a result of this announcement, the company's stock price experienced a significant drop, falling more than 62% to close at $6.55 on May 8, 2025. Investors who purchased or acquired Compass securities during the affected period are advised to consider their rights and potential involvement in a pending securities fraud lawsuit against the company.
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