GPGI Investors Face September 14 Deadline in Securities Class Action Over Husky Technologies Acquisition
Investors in GPGI, Inc., formerly known as CompoSecure, Inc., have until September 14, 2026, to pursue lead plaintiff status in a securities class action lawsuit centered on allegations of misleading statements surrounding the company's acquisition of Husky Technologies Limited.
The lawsuit targets purchasers of GPGI Class A common stock between November 3, 2025, and May 6, 2026. The case, titled City of Warren Police and Fire Retirement System v. GPGI, Inc., No. 26-cv-05951, was filed in the U.S. District Court for the Southern District of New York.
Acquisition at Center of Legal Dispute
CompoSecure, a Somerset, New Jersey-based global leader in metal payment cards and security solutions founded in 2000, announced its acquisition of Husky Technologies on November 3, 2025. The transaction was valued at approximately $5 billion, with the combined business valued at roughly $7.4 billion.
Husky Technologies is a leading global provider of highly engineered injection molding technology solutions, serving approximately 4,000 customers across 140 countries. As of September 30, 2025, the company had more than 6,000 fully-integrated PET systems installed worldwide.
The acquisition was completed on January 12, 2026, and CompoSecure simultaneously rebranded to GPGI, Inc. The stock began trading under the new ticker symbol 'GPGI' on the New York Stock Exchange on January 23, 2026.
Allegations of Misrepresentation
According to the complaint, defendants made materially false and misleading statements throughout the Class Period. The lawsuit alleges that defendants overstated the value of Husky and that the company was not on track to achieve the revenue and Adjusted EBITDA targets provided in proxy materials. The suit further claims these targets lacked a reasonable basis in objective fact.
The complaint also alleges that a primary motivation for the acquisition was to generate millions of dollars in fees for Resolute Holdings and individual defendants, rather than to create long-term shareholder value. GPGI is managed by Resolute Holdings Management, Inc., which provides management services to both the CompoSecure and Husky businesses in exchange for quarterly management fees under separate management agreements. David Cote, who served as CEO of Honeywell International from 2002 to 2017, currently serves as Executive Chairman of GPGI.
The lawsuit contends that as a result of these alleged misrepresentations, defendants materially misstated the business prospects and expected financial results of GPGI and Husky as a combined entity.
Legal Process and Deadlines
Under the Private Securities Litigation Reform Act, investors have 60 days from the initial filing of the complaint to move the court to serve as lead plaintiff. The lead plaintiff is a representative party with the largest financial interest who directs the litigation on behalf of other class members.
Importantly, investors' ability to share in any potential recovery is not dependent upon serving as lead plaintiff. Class members may also retain counsel of their choice or remain as absent class members without taking action at this stage. No class has yet been certified in the case.
Rosen Law Firm, which issued the investor notice, was ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017 and has been ranked in the top 4 each year since 2013. The firm's founding partner, Laurence Rosen, was named by Law360 as a Titan of Plaintiffs' Bar in 2020.
Eligible investors may join the class action through contingency fee arrangements, meaning no out-of-pocket fees or costs are required upfront. Those seeking more information may contact the law firm through its website or by phone.
