Compass Minerals $4.9M Securities Class Action Settlement
Did you buy Compass Minerals International Inc. common stock, call options or sell put options between February 8 2023 and March 26 2024? You could receive a cash payment from a $4.9 million securities class action settlement. Submit your claim online or by mail no later than October 7 2025 to secure your share.
Who Is Eligible?
- All persons and entities that purchased or otherwise acquired Compass Minerals securities (common stock, call options) or sold put options between Feb. 8 2023 – Mar. 26 2024.
- Excludes defendants, their affiliates, and certain related parties, as detailed in the long-form notice.
Settlement Benefits
- Gross fund: $4,900,000
- Estimated average recovery: $0.39 per damaged share before deductions; about $0.25 after fees and costs.
- Distribution method: Pro rata based on each claimant’s recognized loss (see formulas below).
- Minimum payout: Claims worth less than $10 will not be paid.
- Payout form: Paper check mailed by the settlement administrator.
Recognized Loss Formulas (Simplified)
Common Stock
- Shares bought & sold during the class period: lesser of (inflation on purchase – inflation on sale) or (purchase price – sale price).
- Shares held past Mar. 26 2024 but sold by Jun. 24 2024: lesser of purchase-date inflation or (purchase price – average closing price on sale date).
- Shares held through Jun. 24 2024: lesser of purchase-date inflation or (purchase price – $13.12).
Call Options
- If not held on a corrective-disclosure date: loss = $0.
- If held through at least one disclosure date: loss depends on whether the option was sold, exercised, expired or still held on Mar. 26 2024 (see notice for details).
Put Options
- If not outstanding on a corrective-disclosure date: loss = $0.
- If outstanding, loss is calculated using repurchase price, intrinsic value or expiration status as of Mar. 26 2024.
Exact calculations are provided in the long-form notice.
How to File Your Claim
- Gather proof (broker confirmations, account statements, etc.) showing each purchase, sale or acquisition during the class period.
- Submit online: Compass Minerals online claim form
or mail the PDF to: Compass Minerals Securities Litigation
c/o Strategic Claims Services
600 N. Jackson St., Ste. 205
P.O. Box 230
Media, PA 19063 - Deadline: Claims must be submitted or postmarked by October 7 2025.
Key Dates
- Claim filing & exclusion deadline: Oct. 7 2025
- Fairness hearing: Nov. 18 2025 – U.S. District Court (Case No. 24-cv-02165)
- Payment timeline: Checks mailed after the court grants final approval and all claims are processed.
Why the Case Settled
Plaintiffs alleged Compass Minerals and certain executives issued materially false and misleading statements about the company’s fire-retardant business, inflating the price of its securities. Defendants denied wrongdoing but agreed to settle to avoid the expense and risk of further litigation. The settlement does not constitute an admission of liability.
Contact Information
Settlement Administrator: Strategic Claims Services
Phone: 866-274-4004
Email: info@strategicclaims.net
Frequently Asked Questions
Who qualifies for the Compass Minerals $4.9M Securities Class Action Settlement?
Any investor who bought Compass Minerals common stock or call options—or sold put options—between Feb. 8 2023 and Mar. 26 2024, and is not otherwise excluded, may submit a claim.
What is the deadline to submit a claim form?
The claim form must be submitted online or postmarked by October 7 2025.
How much money will I receive?
Payments are made pro rata from the net settlement fund. The average recovery is estimated at about $0.25 per damaged share after fees and expenses, but your actual payout depends on your recognized loss and the total number of valid claims.
Do I need proof of my Compass Minerals trades?
Yes. Acceptable documents include broker confirmation slips, monthly statements, or other records showing trade dates, quantities and prices.
When will settlement checks be mailed?
Distribution occurs after the court grants final approval at the Nov. 18 2025 fairness hearing and all claims have been reviewed. This process typically takes several months.