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Key Developments: Chipotle Mexican Grill Inc (CMG)

CMG on New York Consolidated

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3 May 2016
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Latest Key Developments (Source: Significant Developments)

Chipotle Mexican Grill Inc - Former Chipotle Employees Go After Company in Court - 24/7 Wall St
Wednesday, 23 Mar 2016 09:40am EDT 

Chipotle Mexican Grill Inc:The E. coli and norovirus outbreaks at Chipotle Mexican Grill Inc. have been all over the business news pages in recent months. - 24/7 Wall St.Less well-known are the company's troubles with unhappy workers and investors.The investor lawsuits were predictable. Anytime a company fouls up anything, the class action lawsuits start arriving in the mail.But the company has also been hit with a slew of lawsuits alleging sexual harassment, failure to pay workers overtime and dicey hiring practices.Chipotle was even investigated in 2010 when it had to fire 450 undocumented workers, according to a report in the New York Post.Like most other companies hit with lawsuits from disgruntled employees, Chipotle believes that most are driven by ambulance-chasing lawyers, not employees.A company spokesperson also told the Post that Chipotle has "a very successful track record defending these claims, with the vast majority of them either dismissed or resolved in our favor.".But last month the company paid $600,000 in a gender discrimination case to three Cincinnati women who were fired from their positions as general managers.In September a class action suit was filed alleging that Chipotle violated the Fair Credit Reporting Act by requiring job applicants to sign a background check consent form that was embedded in a general consent agreement.  Full Article

Chipotle Mexican Grill Inc board of directors has approved the investment of up to an additional $300 million
Tuesday, 2 Feb 2016 04:30pm EST 

Chipotle Mexican Grill Inc:Board of Directors has approved the investment of up to an additional $300 million, exclusive of commissions, to repurchase shares of common stock.  Full Article

Chipotle Mexican Grill Inc - Officials close Chipotle in Seattle for food safety violations - Reuters
Thursday, 10 Dec 2015 06:08pm EST 

Chipotle Mexican Grill Inc:Health officials shut down a Chipotle Mexican Grill Inc CMG.N restaurant in Seattle on Thursday after finding "repeated food safety violations," according to a statement from the Seattle & King County public health department - RTRS.The restaurant on Westlake Avenue is one of 17 in the county that had re-opened last month after passing inspections following an E. Coli outbreak -RTRS.  Full Article

Chipotle Mexican Grill Inc - College says 141 students reported to health services with norovirus symptoms after eating at Chipotle - Reuters
Thursday, 10 Dec 2015 03:48pm EST 

Chipotle Mexican Grill Inc:Boston College - The Mass. Department of Public Health has informed us that there are no other pathogens present in the specimens tested thus far - RTRS.Boston College-remaining tests are expected to be returned by tomorrow, but clear expectation is that illness on campus is limited to norovirus - RTRS.Boston College - 141 students reported to health services with norovirus symptoms as of Dec. 10 after eating at Chipotle - RTRS.Boston College - 12 students with norovirus symptoms who did not eat at Chipotle have reported to health services - RTRS.  Full Article

Chipotle Mexican Grill Inc - Norovirus found in tests of shuttered Boston Chipotle -officials - RTRS
Tuesday, 8 Dec 2015 05:18pm EST 

Chipotle Mexican Grill Inc:Tests of a temporarily shuttered Boston outlet of the Chipotle Mexican Grill Inc CMG.N chain tied to reports of dozens of sickened college students indicated the presence of norovirus, the Boston Public Health Commission said on Tuesday - RTRS."There are currently 65 known case reports that include Boston College residents, students, and non-BC patrons, but the information is constantly evolving," the commission said in a statement. "The restaurant is temporarily closed while ISD and BPHC continue investigations. - RTRS.Chipotle has been under a microscope since Oct. 31, when it was first linked to an E. coli outbreak that has sickened 52 people in nine states. - RTRS.  Full Article

Chipotle Mexican Grill Inc - -Chipotle E. coli outbreak reaches six states, shares tumble - Reuters
Friday, 20 Nov 2015 09:10pm EST 

Chipotle Mexican Grill Inc:More than 40 people have fallen ill with E. coli food poisoning after eating at Chipotle Mexican Grill restaurants in six different states, federal health officials said on Friday, sending shares of the burrito chain to an 18-month low - RTRS.The outbreak expanded with new Chipotle-linked E. coli cases reported in California, Ohio, New York and Minnesota, the U.S. Centers for Disease Control and Prevention said - RTRS.The CDC said 45 people got sick from the E. coli O26 outbreak strain, and of those, 43 reported eating at Chipotle - RTRS.Sixteen people have been hospitalized and no deaths have been reported - RTRS.Chipotle's tagline is "Food with Integrity", and it has a reputation for serving healthy, fresh food - RTRS.This outbreak, the company's third food safety lapse this year, has been a black mark for the popular chain that saw its shares tumble 12.3 percent to $536.19 on Friday - RTRS.  Full Article

Chipotle Mexican Grill Inc - Chipotle E. coli outbreak suspected in three new states - Reuters
Friday, 20 Nov 2015 02:43pm EST 

Chipotle Mexican Grill Inc:The Centers for Disease Control and Prevention said on Friday that three additional states reported E. coli infections of the same strain as the Chipotle CMG.N outbreak - RTRS.The CDC said 45 people are infected with the E. coli outbreak strain, and of those, 43 reported eating at Chipotle - RTRS.  Full Article

Chipotle Mexican Grill Inc - Number of confirmed E. coli cases linked to Chipotle rises to 40 - Reuters
Thursday, 5 Nov 2015 05:11pm EST 

Chipotle Mexican Grill Inc:The number of confirmed E. coli food poisoning cases linked to Chipotle Mexican Grill Inc restaurants in Washington state and Oregon rose to 40 on Thursday, as health safety officials continued searching for the source of the contamination - RTRS.Oregon increased its confirmed case count to 12 from 10 on Wednesday - RTRS.Washington lowered its count to 28 after additional testing ruled out one case that was suspected to be linked to the outbreak - RTRS.Eight Chipotle restaurants in the greater Seattle and Portland areas are linked to the outbreak. As a precaution all of the chain's 43 restaurants in those markets have been closed since Oct. 31 - RTRS.Investigators suspect that contaminated produce is the source of the outbreak, but they have not yet pinpointed the culprit - RTRS.  Full Article

Chipotle Mexican Grill Inc shuts Seattle, Portland stores after E. coli outbreak - Reuters
Sunday, 1 Nov 2015 10:58pm EST 

Chipotle Mexican Grill Inc:Chipotle Mexican Grill Inc said on Sunday it had closed all its restaurants in two West Coast markets due to a reported outbreak of E. coli bacteria that is being investigated by the company and health authorities - RTRS."After being notified by health department officials in the Seattle (Wash.) and Portland, Ore. areas that they were investigating approximately 20 cases of E. coli - RTRS.Including people who ate at six of our restaurants in those areas, we immediately closed all of our restaurants in the area out of an abundance of caution," Chipotle said in an emailed statement - RTRS.It is the third outbreak of food contamination at Chipotle restaurants since August. Those earlier cases involved salmonella and the highly infectious virus norovirus - RTRS.The Oregon Health Authority said three cases of E. coli in Oregon and at least 19 in Washington have been linked to eating at Chipotle restaurants since Oct. 14, with ages ranging from 11 to 64 - RTRS.One third of affected customers have been hospitalized, but no deaths have been reported - RTRS.Health officials want people who have eaten at a Chipotle between October 14 and 23, and become ill with vomiting and bloody diarrhea, to see their health care provider and mention this outbreak," the agency said in a notice on its website - RTRS.  Full Article

Chipotle Mexican Grill Inc reaffirms FY 2015 comparable restaurant sales guidance; gives FY 2016 comparable restaurant sales guidance
Tuesday, 20 Oct 2015 04:10pm EDT 

Chipotle Mexican Grill Inc:Expects FY 2015 low-to-mid single digit comparable restaurant sales increases.Expects FY 2016 low-single digit comparable restaurant sales increases.  Full Article

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Chipotle's E. coli outbreak brings chain down to earth

LOS ANGELES In its struggle to win back customers after last year's food safety issues, Chipotle Mexican Grill Inc is embracing strategies it once rejected.

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