SHAREHOLDER ACTION NOTICE: Scott+Scott Attorneys at Law LLP Informs Investors That a Securities Class Action Has Been Filed Against Compass Minerals International, Inc. (CMP)
Nov 23rd, 2022 10:00 EST
Lead Plaintiff Deadline is December 20, 2022
New York, New York--(Newsfile Corp. - November 23, 2022) - Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international shareholder and consumer rights litigation firm, reminds investors who purchased Compass Minerals International, Inc. (NYSE: CMP) ("Compass Minerals" or the "Company") securities between October 31, 2017 through November 18, 2018, inclusive (the "Class Period"), and who suffered damages, that the deadline to move for lead plaintiff in a securities class action lawsuit against Compass Minerals and certain other defendants is December 20, 2022.
If you purchased Compass Minerals shares during the Class Period, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312, or [email protected], for more information.
According to the complaint filed in the U.S. District Court for the District of Kansas, Compass Minerals and certain of its directors and officers violated §§10(b) and 20(a) of the Securities and Exchange Act of 1934 (the "Exchange Act"), as well as U.S. Securities and Exchange Commission ("SEC") Rule 10b-5 promulgated thereunder, by issuing false and misleading statements or omitting material information about "a technology upgrade that the Company claimed would reduce costs at its most significant mine," when, "in reality, [it] had increased costs," and for "failing to properly assess whether to disclose the financial risks created by the Company's excessive discharge of mercury in Brazil," both of which led to a multi-million dollar penalty paid by Compass Minerals to the SEC.
On this news, Compass Minerals' stock price fell sharply, damaging investors.
Lead Plaintiff Deadline
The Lead Plaintiff deadline in this action is December 20, 2022. Any member of the proposed Class may seek to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class.
What You Can Do
If you purchased Compass Minerals shares during the Class Period, or if you have questions about this notice or your legal rights, you are encouraged to contact attorney Jonathan Zimmerman at (888) 398-9312 or [email protected].
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/145441