Compass Minerals Investor Alert: Kaplan Fox Investigated
NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Compass Minerals International, Inc. (“Compass” or the “Company”) (NYSE: CMP).
If you are an investor in Compass and would like to discuss our investigation or your rights to recover losses, please click below:
Or contact us by email [email protected] or by calling (646) 315-9003 or 1-800-290-1952.
On September 23, 2022, the Securities and Exchange Commission announced that Compass was ordered to pay $12 million to “pay misleading investors about a technology upgrade that the company claimed would cost.” at its flagship mine, but actually increased costs and for failing to properly assess whether to disclose the financial risks created by the company’s excessive release of mercury in Brazil.” According to the SEC, “Compass Investors in 2017 reiterated that a technology upgrade at its Goderich mine — the world’s largest underground salt mine, located near Ontario, Canada and hailed by the company as its crown jewel — was on track as of 2018 Significantly reduce costs and increase operating results”, but these statements by Compass “were misleading, w Because they failed to tell investors that costs at the mine were increasing rather than decreasing, significantly undermining projected savings.” could produce at Goderich, exaggerated”.
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