Compass Minerals’ Mining Investor Deal Gets Final Court Approval

Compass Minerals International Inc.‘s board and top executives earned a federal judge’s final approval of a settlement to resolve shareholder allegations that current and former leaders misrepresented the costs and capacity of an upgrade to the company’s salt mining system.

The investors’ counsel will get $1.4 million in attorneys’ fees, reimbursed expenses, and plaintiffs’ awards in the deal, which included Compass Minerals appointing a chief accounting officer, Judge Eric F. Melgren of the US District Court for the District of Kansas wrote Oct. 17. The settlement, in which the company’s leaders didn’t admit wrongdoing, ends derivative actions that ...