GPGI class action over Husky acquisition
Analysis based on 12 articles · First reported Aug 04, 2026 · Last updated Aug 19, 2026
The class action lawsuit could lead to significant financial liability for GPGI and may negatively affect its stock price and investor confidence. The allegations of fraud and overvaluation could also impact the company's ability to complete future acquisitions or raise capital.
Kaplan Fox & Kilsheimer announced that a class action lawsuit has been filed against GPGI, Inc. (formerly CompoSecure, Inc.) on behalf of investors who purchased GPGI Class A common stock between November 3, 2025 and May 6, 2026. The complaint alleges that GPGI and certain individuals, including Cote, the Cote Family, and Knott, made materially false and misleading statements that overvalued Husky Technologies and misrepresented the benefits of the Husky acquisition. This was allegedly done to secure shareholder approval, obtain PIPE funding, generate management fees, and advance a fraudulent scheme to use CompoSecure as a wealth transfer vehicle. The acquisition of Husky Technologies was announced on November 3, 2025 and completed on January 12, 2026. Investors have until September 14, 2026 to move for lead plaintiff status.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard