GPGI Faces Securities Class Action Over Husky Acquisition Allegations

The litigation, captioned City of Warren Police and Fire Retirement System v. GPGI, Inc., alleges that the company misled shareholders regarding the financial health and valuation of Husky Technologies Limited, an entity acquired by the firm earlier this year. According to the complaint, GPGI allegedly overstated Husky’s value to secure shareholder approval, while failing to disclose that the acquisition was primarily intended to generate fees for Resolute Holdings rather than provide long-term value for investors. Plaintiffs claim that Husky’s revenue and EBITDA targets lacked a reasonable basis in objective fact.

Financial concerns intensified following a February 2026 report by Jehosaphat Research, which alleged that Husky's financial performance had been significantly exaggerated. Subsequent disclosures of declining EBITDA and slashed 2026 guidance triggered sharp sell-offs in GPGI stock, including a 16.4% decline in March and a 25.9% drop in May. Investors seeking to participate in the recovery process are encouraged to contact Kessler Topaz Meltzer & Check, LLP, which is providing information regarding legal rights and the lead plaintiff appointment process. Representation is handled on a contingency fee basis.