SAN DIEGO, Oct. 28, 2022 (GLOBE NEWSWIRE) — The class: Robbins LLP Reminds investors that a shareholder has filed a class action lawsuit on behalf of all buyers of Compass Minerals International, Inc. CMP Common Stock between October 31, 2017 and November 18, 2018 for violations of the Securities Exchange Act of 1934.

What now: Shareholders in a similar position may be eligible to participate in the class action lawsuit against Compass Minerals. Shareholders who wish to be named lead plaintiff in the class action must file by December 20, 2022. A lead plaintiff is a representative party acting on behalf of other members of the class in conducting the litigation. You do not have to be present at the case to be eligible for a recovery. Click for more information here.

All representations are on a contingency fee basis. Shareholders pay no fees or costs.

What is it about in this case: Compass Minerals International, Inc. (CMP) misrepresented the Company’s mining costs and salt production

According to the complaint, Compass Minerals mines and produces key minerals, including salt for winter road safety and other consumer, industrial and agricultural uses, and specialty plant nutritional minerals that improve the quality and yield of crops. During the class period, Compass Minerals operated the world’s largest underground rock salt mine in Goderich, Ontario, Canada, which the company regularly referred to as the “crown jewel” of its portfolio of assets. Prior to the commencement of the class action, the defendants announced that the Company is investing in upgrades to the Goderich mining system, from drilling and blasting to continuous mining and continuous transportation (“CMCH”), primarily to reduce costs and improve profitability. At the time, the company forecast that the project would cost $70-80 million and, when fully implemented, would reduce Goderich’s unit costs by over 23%, saving the company approximately $30 million annually beginning in 2018.