Core Viewpoint - Compass Minerals announced it will not secure a contract with the U.S. Forest Service for magnesium chloride-based aerial fire retardants for the 2024 fire season, leading to significant stock price declines and potential legal implications for the company [2][5]. Group 1: Company Announcement and Impact - On March 25, 2024, Compass Minerals stated it would not secure a USFS contract for magnesium chloride-based aerial fire retardants, citing safety concerns from inspections revealing corrosion in airtankers [2]. - Following this announcement, Compass Minerals' stock price dropped by 14.55 on March 25, 2024, and fell further by 13.69 the next day [5]. Group 2: Legal Investigations and Claims - Faruqi & Faruqi, LLP is investigating potential claims against Compass Minerals, reminding investors of a June 24, 2024 deadline to seek lead plaintiff status in a federal securities class action [3]. - The lawsuit alleges that Compass Minerals and its executives violated federal securities laws by making false statements regarding the likelihood of securing the USFS contract and the safety of its fire retardants, leading to investor damages when the truth was revealed [9].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Compass Minerals International