Robbins Geller Files Class Action Against GPGI Over Husky Acquisition Claims

SAN DIEGO, Sept. 4, 2026 /CourierPR/ -- Robbins Geller Rudman & Dowd LLP has filed a class action lawsuit against GPGI, Inc. and certain of its executive officers and directors, as well as Resolute Holdings Management, Inc., alleging violations of the Securities Exchange Act of 1934. The lawsuit, titled City of Warren Police and Fire Retirement System v. GPGI, Inc., No. 26-cv-05951 (S.D.N.Y.), was filed in the Southern District of New York.

The complaint, which centers on the period between November 3, 2025, and May 6, 2026, alleges that GPGI and its executives made false or misleading statements about the value and performance of its Husky Technologies Limited acquisition. Specifically, the lawsuit claims that the company overstated the value of Husky and that its financial targets were unrealistic. Additionally, it alleges that the primary motive behind the acquisition was to generate fees for Resolute Holdings and the individual defendants rather than to create long-term value for shareholders.

The allegations are based on several financial disclosures. On March 12, 2026, GPGI reported its fourth quarter and fiscal year 2025 earnings, which showed Husky's fourth quarter 2025 net sales of $520.8 million, up 6.1% year-over-year, and full-year 2025 net sales of $1.5687 billion, up 5% year-over-year. However, Husky's Pro Forma Adjusted EBITDA for the fourth quarter 2025 was $136.1 million, down 5.4% year-over-year, and full-year 2025 was $373.4 million, down 3% year-over-year. The Pro Forma Adjusted EBITDA margin for the fourth quarter 2025 also decreased by 318 basis points from 29.3% to 26.1%.

On May 7, 2026, GPGI announced its first quarter 2026 financial results, revealing that Husky's Pro Forma Adjusted Net Sales were $290.8 million, down 5.2% year-over-year, and its Pro Forma Adjusted EBITDA fell to $38 million, down 40.2% year-over-year. In response, GPGI cut its 2026 guidance, lowering its Pro Forma Adjusted Net Sales range from $2.183 billion to $2.228 billion to $1.95 billion to $2.10 billion, and its Pro Forma Adjusted EBITDA range from $620 million to $650 million to $550 million to $610 million. These disclosures led to a 26% decline in GPGI stock price.

The law firm, known for its extensive experience in prosecuting investor class actions, is representing the plaintiffs. According to Robbins Geller, the firm has recovered more than $916 million for investors in 2025 and has a track record of four consecutive #1 rankings in the ISS Securities Class Action Services Top 50 Report over the past five years.