Compass Diversified (CODI) Plunges 59% as Lugano Unit Probe Reveals Deep Accounting Problems - Hagens Berman
1. CODI stock fell 59% after financial irregularities were disclosed. 2. An internal investigation is underway at the Lugano Holding subsidiary. 3. The investigation revealed inventory irregularities prompting restatement of 2024 results. 4. Lugano's CEO resigned amid the fallout without receiving severance. 5. Hagens Berman is investigating potential violations of U.S. securities laws.