Business
CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Compass Minerals International (CMP) Investors to Inquire About a Securities Fraud Class Action by June 24, 2024
Philadelphia, Pennsylvania--(Newsfile Corp. - June 13, 2024) - Nationally recognized law firm Ber...
About this update from Cmp Mining, Inc.
[{"type":"text","content":"CLASS ACTION DEADLINE APPROACHING: Berger Montague Advises Compass Minerals International (CMP) Investors to Inquire About a Securities Fraud Class Action by June 24, 2024Philadelphia, Pennsylvania--(Newsfile Corp. - June 13, 2024) - Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Compass Minerals International, Inc. (\"Compass Minerals\" or the \"Company\") (NYSE: CMP) on behalf of purchasers of Compass Minerals securities between November 29, 2023 and March 22, 2024, inclusive (the \"Class Period\").Investors that suffered losses from Compass Minerals (NYSE: CMP) investments can follow the link below for more information regarding the lawsuit:CLICK HERE to learn more about the lawsuit.Investors who purchased or acquired Compass Minerals securities during the Class Period may, no later than June 24, 2024, seek to be appointed as a lead plaintiff representative of the class. According to the complaint, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) 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; and (2) Compass Minerals materially overstated the extent to which testing had confirmed that its fire retardants were safe.On March 25, 2024, before the market opened, the Company issued a press release entitled \"Compass Minerals Announces the Company Will Not Secure a USFS Contract to Supply Magnesium Chloride-Based Aerial Fire Retardants for the 2024 Fire Season.\"Following this news, the price of Compass Minerals stock fell $3.00 per share, or 17.09%, to close at $14.55 on March 25, 2024. The next day, Compass Minerals stock fell an additional $0.86 per share, or 5.91%, to close at $13.69.For additional information or to learn how to participate in this litigation, please contact Berger Montague: James Maro at [email protected] or (267) 637-3176, or Andrew Abramowitz at [email protected] or (215) 875-3015, or CLICK HERE. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of ...