Press release
Lawsuit filed for Investors who lost money with shares of Compass Minerals International, Inc. (NYSE: CMP)
A lawsuit was filed on behalf of investors in Compass Minerals International, Inc. (NYSE: CMP) shares over alleged securities laws
Investors who purchased shares of Compass Minerals International, Inc. (NYSE: CMP) have certain options and for certain investors are short and strict deadlines running. Deadline: June 24, 2024. NYSE: CMP investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Overland Park, KS based Compass Minerals International, Inc., produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally.
On March 25, 2024, Compass Minerals International, Inc. disclosed that it had been informed by the United States Forest Service ("USFS") that it will not be entering into a contract for the use of magnesium chloride-based aerial fire retardants for the 2024 fire season, explaining that USFS inspections found that "certain airtankers that had flown Fortress North America's proprietary, magnesium chloride-based aerial fire retardants revealed significant signs of corrosion in areas where build-up of the retardant had occurred" and that "[t]he findings from this more extensive inspection raised aircraft safety concerns."
Shareds of Compass Minerals International, Inc. (NYSE: CMP) declined to $13.60 per share on March 26, 2024.
The plaintiff claims that between November 29, 2023 and March 22, 2024, the defendants made materially false and/or misleading statements and/or failed to disclose that Compass Minerals overstated the likelihood that it would be awarded a renewed U.S. Forest Service contract for the use of its proprietary magnesium chloride-based aerial fire retardants for the 2024 fire season, as a result of safety issues presented by its fire retardant, that Compass Minerals materially overstated the extent to which testing had confirmed that its fire retardants were safe, and that ) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times
Those who purchased shares of Compass Minerals International, Inc. (NYSE: CMP) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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