Chipotle lied when it denied viral outrage over portion sizes getting skimpier, investor lawsuit claims [Yahoo! Finance]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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ir.chipotle.com
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Source: Yahoo! Finance
Shareholders are now suing the company in a class-action lawsuit alleging the chain was dismissive of the customer outrage. When Chipotle addressed and tried to rectify inconsistent portions, it cost them profitability and sunk share prices. Shareholders said in a complaint filed Monday that Chipotle “understated” diners' dissatisfaction with “highly inconsistent (and in the view of some customers, lacking) portion sizes” in its risk disclosure in its 2023 annual report and 2024 first-quarter report Customer grievances on social media escalated in the spring and summer months, according to the complaint, including one particular video from content creator Keith Lee, whose review of Chipotle —which included complaints of meager amounts of chicken in his burrito bowl—received 19.4 million views on TikTok. The complaint cited Fortune 's coverage of Chipotle customers' discontent following a May interview with CEO Brian Niccol, who was named as a defendant in the suit alongside John
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News
- Chipotle Mexican Grill, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before January 10, 2025 to Discuss Your Rights - CMGAccesswire
- Levi & Korsinsky Notifies Chipotle Mexican Grill, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - CMGAccesswire
- CMG Investors Have Opportunity to Lead Chipotle Mexican Grill, Inc. Securities Fraud Lawsuit Filed by The Rosen Law FirmPR Newswire
- Chipotle Mexican Grill, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. January 10, 2025 Deadline to file Lead Plaintiff Motion.GlobeNewswire
- Shareholders that lost money on Chipotle Mexican Grill, Inc.(CMG) Urged to Join Class Action – Contact Levi & Korsinsky to Learn MoreAccesswire
CMG
Earnings
- 10/29/24 - Beat
CMG
Sec Filings
- 11/14/24 - Form 4
- 11/12/24 - Form SC
- 11/12/24 - Form 144
- CMG's page on the SEC website