GPGI Securities Class Action, What the $113.9 Million Q2 EBITDA Results Mean for Investors

GPGI, Inc. (NYSE: GPGI; formerly CompoSecure, Inc.) reported $113.9 million in pro forma adjusted EBITDA for the second quarter of 2026, down 13% year over year. Separately, a federal securities lawsuit alleges the company misled investors about its Husky Technologies acquisition.

Short answer for investors: there is no GPGI settlement, no settlement amount, no claim form, and no claims deadline. The earnings figure is a financial result, not a settlement. The lawsuit is a putative (not yet certified) class action, and the September 14, 2026 date was a lead-plaintiff deadline, not a deadline to claim money.

Quick Facts: GPGI Securities Lawsuit

Detail	Information
Company	GPGI, Inc. (NYSE: GPGI), formerly CompoSecure, Inc.
Case name	City of Warren Police and Fire Retirement System v. GPGI, Inc., et al.
Case number	1:26-cv-05951
Court	U.S. District Court, Southern District of New York
Filed	July 14, 2026
Judge	Edgardo Ramos
Proposed class period	November 3, 2025 to May 6, 2026 (inclusive)
Proposed class	Purchasers of GPGI (formerly CompoSecure) Class A common stock during that period
Claims	Sections 10(b) and 20(a) of the Securities Exchange Act of 1934; SEC Rule 10b-5
Class certified?	No. GPGI’s SEC filing calls it a putative class action
Settlement amount	None announced
Official settlement website	None. No settlement exists
Claim form	None
Claim deadline	None
Lead plaintiff deadline	September 14, 2026 (passed)
Where to track the case	PACER (S.D.N.Y., 1:26-cv-05951) and GPGI’s SEC filings on EDGAR
Q2 2026 pro forma adjusted EBITDA	$113.9 million (down 13%)
Q2 2026 pro forma adjusted net sales	$473.2 million (down 4%)
Q2 2026 GAAP net income	$50.3 million

What Did GPGI Report for Q2 2026?

For the quarter ended June 30, 2026, GPGI reported:

• Pro forma adjusted net sales: $473.2 million, down 4%
• Pro forma adjusted EBITDA: $113.9 million, down 13%
• Pro forma adjusted EBITDA margin: 24.1%, a 230 basis point decline
• GAAP net income: $50.3 million

The company said results were affected by conditions at Husky, while CompoSecure delivered record performance. It reiterated its full-year 2026 outlook:

• Pro forma adjusted net sales: $1.950 billion to $2.100 billion
• Pro forma adjusted EBITDA: $550 million to $610 million
• Pro forma adjusted free cash flow: $275 million to $325 million
• Year-end non-GAAP net LTM leverage: about 3.0x

The earnings release did not announce a settlement of any lawsuit. The $113.9 million figure is an EBITDA number, not a legal payment.

What Does the Lawsuit Allege?

According to GPGI’s own SEC filing, the complaint alleges that defendants made false or misleading statements, or omitted material facts, about:

• the value of Husky Technologies Limited;
• the anticipated benefits and strategic rationale of the acquisition;
• the reasonableness of revenue and adjusted EBITDA targets presented to shareholders; and
• related motivations and fees involving Resolute Holdings.

The claims are brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. These are allegations only. Filing a lawsuit does not establish that anyone violated securities laws. GPGI says it believes it has meritorious defenses and has stated it cannot predict the outcome or cost of resolving the case.

Who Is in the Proposed Class?

The proposed class covers investors who purchased GPGI (formerly CompoSecure) Class A common stock from November 3, 2025 through May 6, 2026, inclusive. Being in that window does not mean you will receive money. The court has not certified a class, and there is no judgment or settlement.

Investor notices associated with the case reported that GPGI’s stock fell from $17.46 on May 6, 2026 to $12.94 on May 7, 2026 (about 25.9%). That price movement is part of the plaintiffs’ allegations and does not by itself prove securities fraud.

What Does “Putative” Mean?

A putative class action is a lawsuit filed on behalf of a proposed group. The court must still decide, under Rule 23 of the Federal Rules of Civil Procedure, whether the case can proceed as a class. Until then, no one has a guaranteed right to compensation.

Related article: Pitt Professors Join NIH Putative Class Action Alleging Scientific Research Censorship

What Was the September 14, 2026 Deadline?

It was the deadline for investors who wanted to ask the court to be appointed lead plaintiff, the investor who helps direct the case for the proposed class. It was not a settlement claim deadline. Investors generally did not have to seek lead plaintiff status to remain potential members of the proposed class. Because the date has passed, no one should treat it as a missed claim deadline.

If There Is a Settlement Later

If the case settles, a court-approved notice would normally explain the settlement amount, who qualifies, how and when to file a claim, opt-out and objection rights, and how payments would be calculated. None of that exists for GPGI today.

What Should Investors Do Now?

1. Preserve records: brokerage statements, trade confirmations, purchase and sale dates and prices, and records of your losses.
2. Monitor the case through PACER (S.D.N.Y., case 1:26-cv-05951) and GPGI’s SEC filings.
3. Do not pay anyone to “file a claim.” There is no claim to file. Be cautious about websites asking for personal financial information or fees; official settlement sites exist only after court approval.
4. Treat law-firm ads carefully. Investor notices usually seek clients or lead plaintiffs while a case is early; they are not proof of a settlement.
5. Consider legal advice. If you bought GPGI stock in the class period and have losses, a securities attorney can explain your options.

What Happens Next?

Federal securities cases typically move through lead plaintiff and lead counsel appointment, an amended or consolidated complaint, motions to dismiss, discovery if claims survive, class certification, and possibly settlement or trial. The schedule depends on orders from the Southern District of New York. Investors should not assume the lawsuit will result in a payment.

Does the $113.9 Million EBITDA Figure Affect the Lawsuit?

The results and the lawsuit are related in subject matter (Husky’s performance and company statements about it), but the EBITDA figure does not by itself prove or disprove the allegations. The court will evaluate the claims under the securities laws.

For comparison, see $69M ChemoCentryx Investor Securities Settlement, a case where a settlement and claims process actually existed, and Better Home & Finance (BETR) Securities Class Action Lawsuit, another pending investor case.

Frequently Asked Questions

Is there a GPGI securities class action? Yes. City of Warren Police and Fire Retirement System v. GPGI, Inc., et al., No. 1:26-cv-05951, was filed July 14, 2026 in the Southern District of New York. GPGI describes it as a putative class action.

What does the lawsuit allege? That defendants made false or misleading statements about the value and expected benefits of the Husky acquisition, financial targets, and related matters. GPGI says it has meritorious defenses.

Is there a GPGI settlement or claim form? No. No settlement, settlement administrator, or claim form exists as of October 5, 2026.

Has the class been certified? No.

What was the September 14, 2026 deadline? The lead plaintiff motion deadline, not a claim deadline.

Do I need to hire a lawyer to stay in the proposed class? Generally, investors in a proposed class do not need to take action to remain potential class members while the case is pending, but you can consult an attorney about your situation.

Will GPGI investors automatically get money? No. There has been no settlement or judgment.

What is the difference between CMPO and GPGI? CompoSecure traded as CMPO and later became GPGI, Inc. (ticker GPGI).

What was GPGI’s Q2 2026 EBITDA and net income? Pro forma adjusted EBITDA of $113.9 million (down 13%) and GAAP net income of $50.3 million.

What is GPGI’s 2026 EBITDA guidance? $550 million to $610 million (pro forma adjusted).

Bottom Line

GPGI’s Q2 results and its securities lawsuit are two separate developments. The company reported $113.9 million in adjusted EBITDA, down 13%. Meanwhile, a putative securities class action is pending over its Husky acquisition. There is no settlement, no claim form, and no payment deadline. The September 14 date was a lead-plaintiff deadline. Preserve your records and watch the docket.

Sources

1. GPGI, Inc., Form 10-Q for the quarter ended June 30, 2026 (SEC EDGAR): https://www.sec.gov/Archives/edgar/data/1823144/000162828026053968/gpgi-20260630.htm
2. GPGI, Inc., second quarter 2026 earnings press release (SEC EDGAR): https://www.sec.gov/Archives/edgar/data/1823144/000162828026053821/gpgi_2q26earningspressre.htm
3. City of Warren Police and Fire Retirement System v. GPGI, Inc., et al., No. 1:26-cv-05951 (S.D.N.Y.), docket available through PACER.
4. Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78t(a); 17 C.F.R. § 240.10b-5; Federal Rule of Civil Procedure 23.

Disclaimer: This article is for general informational purposes only and is not legal or investment advice. The allegations in the lawsuit have not been proven in court. Investors should review the court docket and consult a qualified securities attorney about their circumstances. AllAboutLawyer.com is a consumer legal information site, not a law firm.

Researched and written by the AllAboutLawyer.com editorial team. Last reviewed October 5, 2026.