Investors Alert
Are you a stakeholder in Chipotle Mexican Grill, Inc. (NYSE: CMG)? If so, you might have a chance to take charge of the class action lawsuit against the company. Robbins Geller Rudman & Dowd LLP has announced that individuals who purchased or acquired CMG stock between February 8, 2024, and October 29, 2024, have until January 10, 2025—the approaching Friday—to step forward as lead plaintiff for the case titled Stradford v. Chipotle Mexican Grill, Inc.
Case Background
Chipotle Mexican Grill is renowned for its food services and app-based delivery offerings. However, allegations have surfaced claiming that during the mentioned Class Period, there were discrepancies in portion sizes provided by Chipotle. The lawsuit asserts that these inconsistencies left customers dissatisfied and prompted Chipotle to promise more generous portions to maintain customer loyalty—resulting in increased costs.
Lawsuit Details
On July 24, 2024, Brian Niccol admitted the portion size issue at Chipotle led to customer dissatisfaction. Consequently, there was an announcement of higher cost of sales due to providing more generous portions—a move aimed at appeasing customers but impacting financials negatively. Subsequently, on October 29, 2024, interim CEO Scott Boatwright’s remarks during an earnings call revealed a further increase in costs due to ensuring consistent and generous portions.
Lead Plaintiff Process
The Private Securities Litigation Reform Act of 1995 allows investors involved in buying or selling Chipotle stocks during the Class Period to seek appointment as lead plaintiff for this lawsuit. As lead plaintiff represents all members of the class action suit and selects legal representation for litigation purposes without affecting other investors’ potential recoveries.
About Robbins Geller
Robbins Geller Rudman & Dowd LLP is globally recognized for representing investors in securities fraud cases with a remarkable track record of securing substantial relief for affected parties. With numerous successful litigations under their belt—including landmark cases like In re Enron Corp. Sec. Litig—they stand out as one of the world’s premier law firms specializing in securities-related matters.
If you believe you qualify as a lead plaintiff or wish to learn more about your rights and potential recovery options concerning this case against Chipotle Mexican Grill Inc., do not hesitate to reach out directly via contact details provided by Robbins Geller Rudman & Dowd LLP above.
