NEW YORK, NY / ACCESSWIRE / November 23, 2022 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Compass Minerals International, Inc. ("Compass Minerals" or the "Company") (NYSE:CMP) and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquiredCompass Minerals securities between October 31, 2017 and November 18, 2018, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/cmp.
This class action seeks to recover damages against Defendants for alleged violations of the Securities Exchange Act of 1934 (the "Exchange Act").
The Complaint alleges that during the Class Period, defendants repeatedly assured investors that the continuous mining and continuous haulage ("CMCH") upgrade at the Goderich, Ontario, Canada ("Goderich" or the "Goderich mine") was on track to materially reduce costs and boost the Company's operating results starting in 2018. The Complaint continues to allege that Defendants' statements were misleading because they failed to tell investors that costs at the Goderich mine were increasing rather than decreasing, and that Defendants also misrepresented the amount of salt the Company was able to produce at Goderich using the new CMCH equipment, and failed to disclose how the known and ongoing production shortfalls it was experiencing were reasonably expected to reduce its future operating income.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/cmp or contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Compass Minerals you have until December 20, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC