Compass Minerals International Lawsuit CMP | Deadline December 20, 2022
Compass Minerals International Class Action Lawsuit (CMP Lawsuit)
Investors who purchased or otherwise acquired Argo common stock during the period from October 31, 2017 through November 18, 2018 can register their information before the deadline of December 20, 2022.
Is Compass Minerals International involved in a Securities Class Action Lawsuit?
Yes, a lawsuit has been filed against Compass Minerals International on October 21, 2022, on behalf of shareholders during the period from October 31, 2017 through November 18, 2018.
What Is The Compass Minerals International Lawsuit About?
The Compass Minerals International Class Action Lawsuit (NYSE:CMP) (Compass Minerals International Class Action Lawsuit) was filed when on behalf of the investors who purchased Compass Minerals International (CMP) securities between October 31, 2018, and November 18, 2019. For more on the CMP Lawsuit please contact us today.
According to the Compass Minerals International lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
Defendants’ statements were misleading because they failed to tell investors that costs at the Goderich mine were increasing rather than decreasing.
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.
How much did CMP stock drop?
Shareholders who held CMP securities saw Compass Minerals International stock price declined by 9.1% over the following two trading days, 4.3% for second quarter 2018 results, 30% for the third quarter of 2018 and 8% on November 19, 2018.
What does CMP Do?
Compass Minerals International, Inc., produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America.
The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.
This segment provides products for use as a deicer for roadways, consumer, and professional use; as an ingredient in chemical production; for water treatment, human, and animal nutrition; and for various other consumer and industrial uses, as well as records management services.
The Plant Nutrition North America segment offers sulfate of potash specialty fertilizers in various grades, including agricultural products that are used in broadcast spreaders, direct application, and liquid fertilizer solutions; turf products used by the turf and ornamental markets, as well as for blends used on golf course greens; organic products under the Protassium+ brand; and micronutrient products under the Wolf Trax and other brands.
This segment provides its products to distributors and retailers of crop inputs, as well as growers.
The Plant Nutrition South America segment offers various specialty plant nutrients and supplements; water and wastewater treatment chemicals for cleaning, decontaminating, and purifying water; and process chemicals for industrial use.
The company was formerly known as Salt Holdings Corporation and changed its name to Compass Minerals International, Inc. in December 2003.
Compass Minerals International, Inc. was founded in 1993 and is headquartered in Overland Park, Kansas.
Which Class Action Attorney Firm Can Help With The CMP Lawsuit?
Levi & Korsinsky LLP is a Securities Class Action Law Firm. For over 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
Does It Cost Me to Join the CMP Class Action?
No, there are no out of pocket costs for you to join the Compass Minerals International Lawsuit.
What Is the Lead Plaintiff Process?
According to the Private Securities Reform Act of 1995, any investor who bought or acquired Compass Minerals International securities in the Class Period may apply for appointment as a lead plaintiff. The lead plaintiff is usually the movant who has the most financial interest in the relief sought. However, he or she must also be typical or adequate to the putative classes. The Compass Minerals International class action lawsuit is directed by the lead plaintiff. To litigate the CMP Class Action lawsuit, the lead plaintiff may choose any law firm it wishes. The ability of an investor to share in any future recovery is not tied to being the lead plaintiff in the Compass Minerals International Class Action lawsuit.
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