Law Firm Reminds Investors of Class Action Lawsuit Against GPGI
Shareholder rights law firm Robbins LLP is alerting investors of GPGI, Inc. regarding a class action lawsuit concerning alleged misrepresentations about the Husky acquisition. The complaint claims the company overstated Husky's value and benefits.
Robbins LLP, a law firm specializing in shareholder rights, has notified investors who purchased GPGI, Inc. (formerly CompoSecure) stock between November 3, 2025, and May 6, 2026, about a class action lawsuit filed against the company. GPGI, Inc. is a financial technology and security business that rebranded from CompoSecure in January 2026.
The lawsuit alleges that GPGI misled investors regarding its acquisition of Husky Technologies Limited, announced in November 2025 and completed in January 2026. At the time of the acquisition, company executives promoted Husky's purported value, financial strength, and growth prospects to gain shareholder approval.
According to the complaint, defendants materially overstated Husky's value and failed to disclose that Husky was not on track to meet projected revenue and Adjusted EBITDA targets. It is also alleged that a primary motivation for the acquisition was to generate substantial fees for certain parties rather than to create long-term value for GPGI shareholders.
In February 2026, short-seller Jehoshaphat Research published a report claiming that GPGI had inflated Husky's valuation to secure shareholder approval for the acquisition. Following the report's release, GPGI's stock price experienced a significant decline of approximately 44%.
Shareholders wishing to serve as lead plaintiff in the class action must submit their documents to the court by September 15, 2026. Robbins LLP states that representation is on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved.