Compass Minerals International, Inc. (NYSE: CMP)

This lawsuit is for anyone who acquired securities in Compass Minerals International, Inc. (NYSE: CMP) from November 29, 2023 through March 22, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company did its due diligence in acquiring Fortress North America but then by apparently failing to detect that Fortress North America’s proprietary, magnesium chloride-based aerial fire retardants corroded airplanes used to drop the retardants thereby making the products virtually worthless.

On March 25, 2024, Compass disclosed that it had been informed by the United States Forest Service (“USFS”) that it will not be entering into a contract for the use of magnesium chloride-based aerial fire retardants for the 2024 fire season, explaining that USFS inspections found that “certain airtankers that had flown Fortress North America’s proprietary, magnesium chloride-based aerial fire retardants revealed significant signs of corrosion in areas where build-up of the retardant had occurred” and that “[t]he findings from this more extensive inspection raised aircraft safety concerns.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Compass Minerals International, Inc. (NYSE: CMP) from November 29, 2023 through March 22, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.