Boston, Massachusetts--(Newsfile Corp. - November 3, 2022) - Block & Leviton announces that a class action lawsuit has been filed against Compass Minerals International, Inc. (NYSE: CMP) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firmto learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/cmp.
What is this all about?
The complaint alleges that throughout the class period, defendants repeatedly assured investors that upgrades at the Goderich mine remained on track to reduce costs and improve operating results at a time when costs at the mine were actually increasing. Defendants misrepresented production amounts from using new equipment that were part of the upgrades, as well as ongoing production shortfalls and the associated impacts on future operating income.
On October 23, 2018, Compass pre-announced Q3 2018 financial results that were significantly below expectations and lowered its outlook for the remainder of the year. Compass shares fell by more than 30% over the next two trading days.
Then on November 19, 2018, Compass announced the abrupt termination of CEO, defendant Francis Malecha.
On September 23, 2022, the Securities and Exchange Commission announced charges against Compass for misleading investors.
Who is eligible?
Anyone who purchased Compass Minerals International, Inc. stock between October 31, 2017 and November 18, 2018, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is December 20, 2022. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142964
