SAN DIEGO, Oct. 29, 2022 (GLOBE NEWSWIRE) — Law firm specializing in shareholder rights Johnson Fistel, LLP announces that a class action lawsuit has been filed on behalf of the investors of Compass Minerals International, Inc. CPM (“Compass” or the “Company”). The class action is on behalf of shareholders who purchased securities of Compass between October 31, 2017 and November 18, 2018, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until December 20, 2022 to apply to the Court to serve as lead plaintiff in this action.
What actions can I take at this time? If you have suffered a loss and would like to learn more about the lead plaintiff role, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If emailing, please include a phone number.
To join this action, you can click or copy and paste the link below into a browser:
There is no cost or obligation for you.
According to the lawsuit, throughout the class action period, the defendants repeatedly assured investors that the continuous mining and continuous transportation (“CMCH”) upgrade at the Goderich mine, the largest the world’s underground rock salt mine located in Ontario, Canada was on track to significantly reduce costs and increase operating results for Compass beginning in 2018. However, the defendants’ statements were misleading because that they did not tell investors that costs at the Goderich mine were rising rather than falling. The Compass class action lawsuit further alleges that the defendants also misrepresented the amount of salt that Compass was able to produce at Goderich using the new CMCH equipment and failed to disclose how the known and ongoing production shortfalls suffered were reasonably expected to reduce its future operating profit. . When the real details entered the market, the lawsuit claims investors suffered damages.
A lead plaintiff will act on behalf of all other class members to conduct the Compass class action. The lead plaintiff may select a law firm of their choice to litigate the class action. An investor’s ability to share in any potential future recoveries from the Compass class action does not depend on their status as lead plaintiff.
For more information on the lead applicant process, please see https://www.johnsonfistel.com/lead-plaintiff-deadlines.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivatives and securities class actions. Johnson Fistel is seeking to recover losses incurred due to violations of federal securities laws. For more information about the firm and its lawyers, visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.
Johnson Fistel, LLP
Jim Baker, 619-814-4471