Compass Minerals Settles Stockholder Derivative Lawsuit Over Fire Retardant Disclosures

Reuters2025-12-24

Compass Minerals Settles Stockholder Derivative Lawsuit Over Fire Retardant Disclosures

Compass Minerals International Inc. has announced a proposed settlement in stockholder derivative litigation relating to allegations that, between February 2023 and March 2024, certain executives breached fiduciary duties by issuing false and misleading statements about the safety of the company's magnesium chloride-based aerial fire retardants. The lawsuits claim these statements overstated the likelihood of securing a renewed contract with the U.S. Forest Service for the 2024 fire season. The settlement, still subject to court approval, includes the adoption of corporate reforms by Compass Minerals, aiming to provide substantial benefits to the company and its shareholders while avoiding the costs and risks of continued litigation. If approved, the settlement will result in the dismissal of the litigation with prejudice.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Minerals International Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9616791) on December 23, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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