NEW YORK, December 16, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that a class action lawsuit against Compass Minerals International, Inc. (“Compass Minerals” or the “Company “) CMP in the United States District Court of Kansas on behalf of all individuals and entities that purchased or otherwise acquired securities of Compass Minerals between and including both dates of October 31, 2017 and November 18, 2018 (the “Collection Period”). Investors have until December 20, 2022 to petition the court to appoint a lead plaintiff in the lawsuit.

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Compass Minerals mines and produces essential minerals, including salt for winter road safety and other consumer, industrial and agricultural uses, and specialty plant nutrient minerals that enhance crop quality and yield. During the Class Period, Compass Minerals operated three business segments: the Salt segment, the Plant Nutrition North America segment and the Plant Nutrition South America segment. Within the Salt segment, Compass Minerals operated the world’s largest underground rock salt mine in Goderich, Ontario, Canada, which Compass Minerals routinely referred to as the “crown jewel” of its portfolio of assets. Prior to the commencement of the class action, the defendants announced that Compass Minerals is investing in upgrades to the Goderich mining system, from drilling and blasting to continuous mining and transportation (“CMCH”), primarily to reduce costs and improve profitability.

Compass Minerals’ class action lawsuit alleges that during the class period, the defendants repeatedly assured investors that the CMCH upgrade at the Goderich Mine was on track to significantly reduce costs and improve Compass Minerals’ operating results beginning in 2018 to increase. However, the statements of the defendants were misleading because they did not tell the investors that the costs in the Goderich mine…