LOS ANGELES, Nov. 14, 2022 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of what’s to come December 20, 2022 Deadline for filing a motion by lead plaintiff in the class action lawsuit filed on behalf of investors, Compass Minerals International, Inc. (“Compass” or the “Company”) (NYSE: CMP) common shares between October 31, 2017 and November 18, 2018inclusive (the “Class Period”).

If you have suffered a loss on your Compass investments or would like to inquire about the possibility of making claims to recover your loss under the federal securities laws, you may submit your contact information at www.glancylaw.com/cases/compass-minerals-international-inc/. You can also contact GPM’s Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email at [email protected] to learn more about your rights.

On September 23, 2022, the US Securities and Exchange Commission (“SEC”) announced that Compass was ordered to pay $12 million to settle “misleading investor” fees by repeatedly asserting that a technology Update at their flagship salt mine, Goderich, was “on track to significantly reduce costs and increase operating results as of 2018”. In reality, costs at the mine were increasing and significantly undermining the projected savings. Additionally, the SEC found that Compass had overstated the amount of salt it could produce.

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, Defendants failed to disclose to investors that: (1) Goderich’s new continuous mining and continuous hulage mining (“CMCH”) system caused the Company to incur additional operating costs rather than cost savings. Cost overruns were attributed to one-off items,…