Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Compass Diversified (CODI) Faces Securities Class Action After Admitting to Accounting “Irregularities” – Hagens Berman

A securities class action lawsuit has been filed against Compass Diversified (NYSE: CODI) and certain of its executives after the company disclosed that it would restate its 2024 financial statements due to unrecorded financing arrangements and “irregularities” within its Lugano business unit. The suit, styled Matthews v. Compass Diversified Holdings, LLC, et al., No. 8:25-cv-00981 (C.D. Cal.), seeks to represent investors who purchased Compass Diversified securities between May 1, 2024 and May 7, 2025.

Hagens Berman is investigating the claims and urges investors who purchased Compass shares and suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge that may assist the firm’s investigation to contact its attorneys.

Class Period: May 1, 2024 – May 7, 2025

Lead Plaintiff Deadline: July 8, 2025

Visit: www.hbsslaw.com/investor-fraud/codi

Contact the Firm Now: CODI@hbsslaw.com

844-916-0895

The Compass Diversified (CODI) Securities Class Action

The complaint contends that Compass made false and misleading statements and failed to disclose critical information regarding Lugano, which operates in the branded consumer goods sector. Specifically, the lawsuit claims that Lugano maintained undisclosed financing arrangements and exhibited irregularities in its sales, cost of sales, inventory, and accounts receivable.

These alleged irregularities, according to the complaint, rendered Compass Diversified's 2024 financial statements unreliable, necessitating a restatement. Furthermore, the suit alleges that Compass's internal controls over financial reporting were inadequate, contrary to previous representations.

The truth, the lawsuit claims, came to light on May 7, 2025, after the close of trading. Compass issued a regulatory filing (Form 8-K) accompanied by a press release titled "Compass Diversified Discloses Non-Reliance on Financial Statements for Fiscal 2024 Amid an Ongoing Internal Investigation into its Subsidiary, Lugano Holding, Inc." In this release, Compass disclosed that it had "preliminarily identified irregularities in Lugano’s non-CODI financing, accounting, and inventory practices." The company further stated that its audit committee had concluded that the previously issued 2024 financial statements required restatement and should no longer be relied upon.

Compass also announced its intention to delay the filing of its first-quarter 2025 Form 10-Q.

Following this disclosure, Compass's stock price plummeted 60% in a single trading day, wiping out significant shareholder value.

The lawsuit alleges that these disclosures demonstrate that Compass violated the Securities Exchange Act of 1934 by making untrue statements of material fact and omitting to state material facts necessary to make the statements made not misleading. Investors are seeking to recover losses incurred as a result of the alleged misstatements and omissions.

Hagens Berman’s Investigation

Hagens Berman, a national investor rights law firm, has announced it is investigating potential securities violations by Compass Diversified.

"We are deeply concerned about the alleged accounting irregularities at Lugano, particularly the undisclosed financing arrangements and the misreporting of key financial figures like sales and inventory, which appear to have significantly impacted the reliability of Compass Diversified's financial statements," said Reed Kathrein, the Hagens Berman partner leading the investigation. "Our investigation will focus on determining the extent to which Compass Diversified may have misled investors by failing to adequately disclose these issues and whether those failures constitute violations of federal securities laws."

If you invested in Compass Diversified and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Compass Diversified case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding Compass Diversified should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email CODI@hbsslaw.com.

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Contacts

Reed Kathrein, 844-916-0895

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.