CMG Investors: GPM Announces the Filing of a Securities Class Action on Behalf of Chipotle Mexican Grill, Inc. Investors

Glancy Prongay & Murray LLP (“GPM”) announces the filing of a class action lawsuit on behalf of investors of Chipotle Mexican Grill, Inc. (“Chipotle” or the “Company”) (NYSE: CMG) who purchased shares between February 4, 2015 and January 5, 2016, inclusive (the "Class Period"). Injured investors are encouraged to contact Lesley Portnoy of GPM at 310-201-9150 to discuss their legal rights.

The complaint alleges that throughout the Class Period, defendants made materially 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. Over the course of several disclosures, several news sources and government agencies revealed that the Company had allegedly failed to properly protect customers from various food-borne illnesses. The Company’s shares fell significantly over the course of these disclosures culminating on January 6, 2016, when the Company disclosed that “Chipotle was served with a Federal Grand Jury Subpoena from the U.S. District Court for the Central District of California in connection with an official criminal investigation being conducted by the U.S. Attorney’s Office for the Central District of California, in conjunction with the U.S. Food and Drug Administration’s Office of Criminal Investigations.”

On this news, the Company’s shares fell $33.03 over two trading days, or 7.3%, to close at $416.00 per share on January 7, 2016.

Update: On February 3, 2016, the Company revealed to investors that the previously disclosed January 6, 2016 subpoena had been expanded in scope to include information dating back to January 1, 2013. On this news shares of Chipotle fell an additional $13.93 per share, or nearly 3%, to close at $461.74 per share on February 3, 2016.

Chipotle investors have until March 8, 2016 to move the Court to appoint you as lead plaintiff if you meet certain legal requirements. If you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by e-mail please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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