Skip to content

Case Summary:

Chipotle

NYSE

CMG

Date Filed

07/20/2017

Lead Plaintiff Deadline

09/18/2017

Class Period

2/5/16 - 7/19/17

This is an abbreviated version of Battea’s Chipotle securities litigation proprietary research. Full case summaries and economic analyses are available to clients through Battea’s litigation monitoring portal. For more information, or to request a demonstration, contact Battea.

Case Summary

Securities class action on behalf of a class consisting of all persons other than defendants who purchased or otherwise acquired Chipotle securities between February 5, 2016 and July 19, 2017, pursuant to sections 10(b) & 20(a) of the Securities Exchange Act of 1934.

Preliminary Allegations

The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (i) Chipotle’s purported improvements in its restaurants’ food saftey policies were inadequate; (ii) accordingly, Chipotle’s quality controls were still not in compliance with applicable consumer and workplace safety regulations; (iii) in turn, Chipotle’s quality controls remained inadequate to safeguard consumer and employee health; and (iv) as a result of the foregoing, Chipotle’s public statements were materially false and misleading.

Brief Company Profile

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates fast-casual and fresh Mexican food restaurants. The company was founded in 1993 and is based in Denver, Colorado.

Court: District of Colorado


Docket: 17-cv-01760


Judge: Scott T. Varholak, presiding


Plaintiff(s): Elizabeth Kelley


Defendant(s): CHIPOTLE MEXICAN GRILL, INC., M. STEVEN ELLS, MONTGOMERY F. MORAN, JOHN R. HARTUNG

Chipotle_Securities_Litigation_Price_Chart
Scroll To Top