A Compass Minerals International Inc. board agreement to adopt a formal strategic transactions policy, among other changes, has received a federal judge’s final blessing, ending shareholder claims over representations made in connection with its acquisition of a wildfire retardant unit.
Judge Eric F. Melgren, in greenlighting final approval of the deal in the US District Court for the District of Kansas Monday, granted $850,000 in attorneys’ fees and expenses for the stockholders’ counsel. Out of that, $1,500 will go to each shareholder leading the derivative action that alleged Compass leadership overhyped the 2024 government contract prospects of its now-shuttered ...
