Levi & Korsinsky, LLP announces the filing of a class action lawsuit in the United States District Court for the Southern District of New York on behalf of shareholders of Chipotle Mexican Grill Inc. (“Chipotle”) (NYSE: CMG) who purchased shares between February 4, 2015 and January 5, 2016.
The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (i) Chipotle’s quality controls were not in compliance with applicable consumer and workplace safety regulations; (ii) Chipotle’s quality controls were inadequate to safeguard consumer and employee health; and (iii) as a result of the foregoing, Chipotle’s public statements were materially false and misleading at all relevant times. On January 6, 2016, Chipotle announced that it had been served with a federal subpoena following August 2014’s criminal investigation of a dangerous norovirus outbreak at one of its restaurants. This disclosure follows an E. coli outbreak linked to Chipotle restaurants in late October and November 2015, and a separate norovirus outbreak at a location in Massachusetts. If you suffered a loss in Chipotle you have until March 8, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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