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COMPASS MINERALS INTERNATIONAL (CMP) CLASS ACTION NOTICE: Berger Montague Encourages Investors With Substantial Losses to Contact the Firm By June 24, 2024
Philadelphia, Pennsylvania--(Newsfile Corp. - June 11, 2024) - Berger Montague advises inv...
About this update from Cmp Mining, Inc.
[{"type":"text","content":"COMPASS MINERALS INTERNATIONAL (CMP) CLASS ACTION NOTICE: Berger Montague Encourages Investors With Substantial Losses to Contact the Firm By June 24, 2024Philadelphia, Pennsylvania--(Newsfile Corp. - June 11, 2024) - Berger Montague advises investors that a securities fraud class action lawsuit has been 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\").Investor Deadline: 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. 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. Headquartered in Overland Park, Kansas, Compass Minerals describes itself as \"a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature's challenges for customers and communities.\" Compass Minerals began a series of equity investments in Fortress North America, LLC (\"Fortress\"), which it has described as \"a next-generation fire retardant business dedicated to developing and producing a portfolio of magnesium chloride-based fire retardant products to help combat wildfires.\" On May 5, 2023, Compass Minerals fully took over Fortress. In 2023, Fortress only sold its fire retardant products to the United States Forest Service (the \"USFS\").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.The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Compass Minerals overstated the like...