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 of Compass and would like to discuss our investigation or your rights to recover losses, please click below:
Compass Minerals Investigation
Or contact us by emailing pmayer@kaplanfox.com 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 settle charges “for misleading investors about a technology upgrade that the company claimed would reduce costs at its most significant mine, but in reality, had increased costs, and for failing to properly assess whether to disclose the financial risks created by the company’s excessive discharge of mercury in Brazil.” Specifically, according to the SEC, “Compass repeatedly assured investors in 2017 that a technology upgrade at its Goderich mine – the world’s largest underground salt mine which is located near Ontario, Canada and hailed by the company as its crown jewel – was on track to materially reduce costs and boost its operating results starting in 2018,” but these statements by Compass “were misleading because they failed to tell investors that costs at the mine were increasing rather than decreasing, which substantially undermined the projected savings.” Further, the SEC found that “Compass misled investors by overstating the amount of salt it was able to product at Goderich.”
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If you have any questions about this investigation, your rights, or your interests, please contact:
Pamela Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 687-1980
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
