Compass Minerals’ $4.9 Million Investor Deal Gets Court Sendoff

Compass Minerals International Inc. garnered a federal judge’s approval of $4.9 million agreement to resolve allegations it misled shareholders over its now-shuttered wildfire retardant unit’s quality.

The final blessing Wednesday comes months after Judge Eric F. Melgren approved Compass’ $48 million class accord to end a lawsuit concerning its representations about the costs and abilities of its updated salt mining system. The US District Court for the District of Kansas judge has also given his preliminary approval to a shareholder derivative settlement and final approval to another in lawsuits carrying similar accusations about the company’s products that combat fire and ...