Farooqui & Farooqui, Securities Litigation Partners LLP James (Josh) Wilson He encourages investors who have suffered losses exceeding $100,000 at Chipotle to contact him directly to discuss their options
If you suffer losses exceeding $100,000 Chipotle Between February 8, 2024 and October 29, 2024 If you would like to discuss your legal rights, contact Farooqui & Farooqui Partner Josh Wilson live in 877-247-4292 or 212-983-9330 (ext. 1310).
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New York, New York–(Newsfile Corp. – January 1, 2025) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Chipotle Mexican Grill, Inc. (“Chipotle” or the “Company”) (NYSE: CMG) and reminds investors of January 10, 2025 deadline For the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.
Farooqui & Farooqui is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The company has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated the federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Chipotle's portion sizes were inconsistent and left many customers dissatisfied with Company offers; (2) In order to address the problem and maintain customer loyalty, the company has to ensure larger portion sizes, which will increase the cost of sales; and (3) as a result, Defendants' statements about their business, operations, and future prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On October 29, 2024, after the market closed, Marketwatch published an article titled “Chipotle's New CEO Maintains Focus on Providing Faster Service as Sales Decline.” It stated that “(s)stocks Chipotle Mexican Grill Company (New York Stock Exchange:). It fell after hours on Tuesday, after the Mexican fast food chain reported weaker-than-expected quarterly sales trends and cited a slight rise in costs from trying to offer more consistent portion sizes.
Based on this news, Chipotle stock fell 7.8% on October 30, 2024.
A court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class and is appropriate and typical for members of the class who direct and oversee litigation on behalf of the putative class. Any member of the putative class may ask the court to serve as lead plaintiff through counsel of their choice, or they may choose to do nothing and remain an absent member of the class. Your ability to participate in any recovery is not affected by the decision whether or not to serve as lead plaintiff.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Chipotle's conduct to contact the company, including whistleblowers, former employees, shareholders and others.
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Lawyer advertisement. The law firm responsible for this announcement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar result with respect to any future matter. We welcome the opportunity to discuss your specific case. All communications will be treated confidentially.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235677
