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COMPASS MINERALS INTERNATIONAL, INC. (NYSE: CMP) INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Compass Minerals International, Inc.
Compass MineralsCompass Minerals(US:CMP) GlobeNewswire News Roomยท2024-06-04 05:45

Core Viewpoint - A securities class action lawsuit has been filed against Compass Minerals International, Inc. for allegedly misleading investors regarding the safety and contract prospects of its magnesium chloride-based aerial fire retardants [1][3]. Group 1: Lawsuit Details - The lawsuit was filed on behalf of investors who purchased Compass Minerals securities between November 29, 2023, and March 22, 2024 [1]. - The complaint alleges that the company overstated the likelihood of being awarded a renewed U.S. Forest Service contract and the safety of its fire retardants [3]. - The U.S. Forest Service informed Compass Minerals on March 25, 2024, that it would not enter into a contract for the 2024 fire season, leading to a significant stock price drop of $3.00 per share, or 17.09%, closing at $14.55 [4]. Group 2: Legal Actions and Options - Investors wishing to serve as lead plaintiff must file a motion by June 24, 2024, but participation as a lead plaintiff is not necessary to share in any potential recovery [5]. - Investors can discuss their legal rights and options through the contact information provided [2][6]. Group 3: Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [7]. - The firm has been recognized multiple times for its litigation success, being named to The National Law Journal's "Plaintiffs' Hot List" and listed in The Legal 500 [7].