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Law Offices of Todd M. Garber Announces Investigation of Chipotle Mexican Grill Inc


Wednesday, 12 Sep 2012 12:00am EDT 

The Law Offices of Todd M. Garber announced that it is investigating potential claims against Chipotle Mexican Grill Inc concerning possible violations of federal securities laws. The investigation is related to certain statements issued by the Company between February 1, 2012 and July 19, 2012 concerning the Company’s business and financial prospects. The investigation is related to allegations that the Company and certain of its executive officers misrepresented and/or failed to disclose material adverse facts, including that: (1) Chipotle did not have the pricing power to implement price increases sufficient to offset rising food costs and, as a result, the Company’s margins would be under pressure as Chipotle would be unable to pass through these commodity costs to consumers; (2) demand for Chipotle was slowing due to the economy and increased competition, and could not support the Company’s aggressive 2012 earnings forecasts; and (3) Chipotle was experiencing a deceleration of growth as it was becoming a mature company. 

Company Quote

368.27
-0.18 -0.05%
24 May 2013