GPGI investors urged to seek lead-plaintiff role in securities fraud suit
The attorney-advertising notice says the suit covers alleged misconduct from Nov. 3, 2025, through May 6, 2026, and gives contact details for investors.
A PR Newswire notice from The Law Offices of Howard G. Smith says GPGI investors with losses may contact the firm about joining an ongoing securities fraud lawsuit. The release says the lead-plaintiff deadline is Sept. 14, 2026.
The legal-advertising item, dated Aug. 21, 2026, says class members do not need to take action now and may retain counsel or remain absent members of the class.
According to the press release, the class action complaint covers alleged misconduct between Nov. 3, 2025, and May 6, 2026. The release says defendants made materially false or misleading statements and failed to disclose material adverse facts about the company’s business, operations and prospects.
The notice alleges that the value of Husky was materially overstated. It also says Husky was not on track to achieve revenue and adjusted EBITDA targets in the proxy statement and that those targets lacked a reasonable basis in objective fact.
Adjusted EBITDA is a measure companies often use to show earnings before certain expenses, taxes and other items. The release says the complaint also alleges a primary motivation of the Husky acquisition was to generate millions of dollars in fees for Resolute Holdings and the individual defendants rather than create long-term value for CompoSecure shareholders.
The press release says the company’s positive statements about its business, operations and prospects were materially misleading or lacked a reasonable basis. It does not include a response from GPGI, Husky, Resolute Holdings or the individual defendants.
The release provides contact information for Howard G. Smith, Esq., including a Bensalem, Pennsylvania, mailing address, phone number, email address and website. It also says the item may be considered attorney advertising in some jurisdictions.
The next development listed in the notice is the Sept. 14 lead-plaintiff deadline. After that date, the court process would determine whether a lead plaintiff is selected in the case described in the release.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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