Compass Minerals Intl Inc Common Stock (NYSE: CMP)
Company Name:Compass Minerals Intl Inc Common Stock
Stock Symbol:NYSE: CMP
Class Period Start:10/31/2017
Class Period End (inclusive):11/18/2018
The Complaint alleges that Defendants throughout the Class Period repeatedly assured investors that the CMCH upgrade at the Goderich mine was on track to materially reduce costs and boost Compass Minerals’ operating results starting in 2018 and that Defendants’ statements were misleading because they failed to tell investors that costs at the Goderich mine were increasing rather than decreasing. The Complaint further alleges that Defendants also misrepresented the amount of salt Compass Minerals was able to produce at Goderich using the new CMCH equipment and failed to disclose how the known and ongoing production shortfalls it was experiencing were reasonably expected to reduce its future operating income.