Grabar Law Office is investigating claims on behalf of shareholders of Compass Group Diversified Holdings, LLC (NYSE: CODI). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

Compass Group Diversified Holdings, LLC, and Compass Diversified Holdings are a trust and LLC, respectively, that form the publicly traded entity known as “Compass.”

Compass Diversified Holdings is engaged in owning and managing a diverse set of defensible, middle-market businesses across the branded consumer, industrial, healthcare, and critical outsourced services sectors. It categorizes its businesses into two separate groups: branded consumer businesses and industrial businesses. Its segments include 5.11 Acquisition Corp. (5.11), Boa Holdings Inc. (BOA ), Lugano Holdings, Inc. (Lugano), Relentless Topco, Inc. (PrimaLoft), THP Topco, Inc., CBCP Products, LLC, AMTAC Holdings, LLC (Arnold), FFI Compass, Inc. (Altor Solutions or Altor) and SternoCandleLamp Holdings, Inc. (Sterno). 5.11 is a provider of purpose-built technical apparel and gear for law enforcement, firefighters, EMS, and military special operations as well as outdoor and adventure enthusiasts. BOA is a creator of the patented BOA Fit System, which consists of three integral parts: a micro-adjustable dial, high-tensile lightweight laces, and low friction lace guides.

As alleged in a recently filed securities fraud class action complaint, Compass Diversified, through certain of its officers, made false and/or misleading statements and/or failed to disclose that: (1) the Company’s subsidiary, Lugano Holdings, Inc., maintained unrecorded financing arrangements and irregularities in its sales, cost of sales, inventory, and accounts receivable; (2) the irregularities and undisclosed details in Lugano Holdings, Inc.’s financial statements rendered the financial statements of the Company as a whole unreliable, and would require restatement; (3) the Company failed to maintain adequate internal controls related to its financial statements; and (4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

WHAT YOU CAN DO NOW: If you purchased Compass (NYSE: CODI) shares prior to May 1, 2024, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.