LOS ANGELES, Nov. 4, 2022 (GLOBE NEWSWIRE) — The law office of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders in the following public companies. Investors have until the deadlines listed below to file a lead plaintiff filing.

Investors who experience losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email at [email protected].

Compass Minerals International, Inc. (NYSE: CMP)
Class Period: October 31, 2017 – November 18, 2018
Deadline for lead plaintiff: December 20, 2022

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 resulted in the Company incurring additional operating expenses rather than cost savings. Cost overruns have been attributed to one-off factors such as mine roof collapse to hide operational costs associated with the CMCH upgrade. (2) Goderich’s new CMCH mining system was not able to produce the targeted quantities of salt during this period. The Company’s salt production has consistently fallen short of internal expectations and was less than half of the salt required for production to achieve anticipated cost savings; (3) The alleged annual salt production capacity for Goderich of eight million tons has been grossly overestimated. Although Goderich was capable of producing nearly eight million tons of salt annually by drilling and blasting, Goderich discontinued this method of salt production and the CMCH system was unable to mine that amount of salt during this period. (4) the alleged expected annual costs …