Archived Investigations
Chipotle Mexican Grill, Inc. (NYSE: CMG)
Chipotle and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (1) the Company’s portion sizes were inconsistent and left many customers dissatisfied with its offerings; (2) in order to address the issue and retain customer loyalty, the Company would have to ensure more generous portion sizes, which would increase cost of sales; and (3) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
The case is Stradford v. Chipotle Mexican Grill, Inc., et al., No. 24-cv-2459.