LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Compass Minerals International, Inc. (“Compass” or “the Company”) (NYSE: CMP) for violation of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between October 31, 2017 and November 18, 2018 inclusive (the “Class Period”) are invited to contact the Company before December 20, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Compass is the subject of an SEC announcement issued on September 23, 2022, which stated that the company was ordered to pay $12 million to settle charges related to “misleading investors about a technology upgrade that the company says would reduce costs at its largest mine.” , but actually increased costs, and for failing to properly assess whether to disclose the financial risks created by the company’s excessive mercury releases in Brazil. According to the SEC, “Compass repeatedly assured investors in 2017 that a technology upgrade at its Goderich mine – the world’s largest underground salt mine located near Ontario, Canada and hailed by the company as its crown jewel – was on track to significantly reduce costs and increase operating results beginning in 2018”, but that the company’s statements “were misleading because they did not tell investors that mine costs were increasing rather than decreasing, significantly compromising projected savings.” Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about Compass, investors suffered damage.
Join the case to recoup your losses.
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