This issue was introduced in the 1:0.8.4-0ubuntu1 upload.
This portion of the changelog sounds relevant:
- cannot resize window taller than screen (LP: #221698)
** Changed in: compiz (Ubuntu)
Status: New => Confirmed
** Tags added: regression-release
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Can't resize windows to be displayed on several monitors
https://bugs.launchpad.net/bugs/455378
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