CONTACT US NOW

RESOURCE CENTER

click to call us

SUBMIb YOUR INFORMATION

INTRODUCTION TO THE CHIPOTLE CLASs ACTION LAWSUIT

Contact us today for a free case evaluation in the Chipotle class action lawsuit

The Chipotle class action lawsuit seeks to represent purchasers or acquirers of Chipotle Mexican Grill, Inc. (NYSE: CMG) publicly traded common stock and those who purchased Chipotle call options or sold put options between February 8, 2024, and October 29, 2024, inclusive (the “Class Period”).  Captioned Stradford v. Chipotle Mexican Grill, Inc., No. 24-cv-02459 (C.D. Cal.), the Chipotle class action lawsuit charges Chipotle and certain of Chipotle’s top current and former executives with violations of the Securities Exchange Act of 1934.

If you have suffered losses in Chipotle stock and are interested in becoming the lead plaintiff in the Chipotle class action lawsuit or have any inquiries regarding your rights as a shareholder, please reach out to Chipotle Stock Loss Lawyer Timothy L. Miles at no cost. You can contact him by calling 855/846-6529, sending an e-mail to [email protected], or filling out a contact form below.

Lead plaintiff motions for the Chipotle ​class action lawsuit must be filed with the court no later than January 10, 2024.​

---

allegations in the chipotle CLASS ACTION lawsuit

Chipotle owns and operates Chipotle Mexican Grill restaurants that sell food and beverages and provides delivery and related services through its app and website. The allegations in the Chipotle ​class action lawsuit can be summarized as follows:
FALSE AND MISLEADING STATEMENTS

• Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Chipotle’s portion sizes were inconsistent and left many customers dissatisfied with Chipotle’s offerings; and (ii) to address the issue and retain customer loyalty, Chipotle would have to ensure more generous portion sizes, which would increase cost of sales.

​UPDATED THIRD-QUARTER PROJECTIONS

• On July 24, 2024, defendant Brian Niccol (former Chipotle CEO) acknowledged that portion inconsistency was an issue at Chipotle and that it had caused customers to feel justifiably unhappy with Chipotle.  Niccol further revealed that Chipotle would have higher cost of sales in the third quarter of 2024, partially as a result of giving customers more generous portions, according to the complaint.  The Chipotle class action lawsuit alleges that on this news, the price of Chipotle stock fell.

​THIRD-QUARTER CONFERENCE CALL

• On October 29, 2024, the Chipotle class action lawsuit further alleges that during Chipotle’s third quarter of 2024 earnings call, interim CEO Scott Boatwright stated that “[c]ost of sales in the quarter were 30.6%, an increase of about 90 basis points from last year,” partially driven by “higher usage as we focused on ensuring consistent and generous portions.”  On this news, the price of Chipotle stock fell nearly 8%, according to the complaint. 

THE LEAD PLAINTIFF DEADLINE IN THE Chipotle CLASS ACTION lawsuit

​Lead plaintiff motions for the Chipotle class action lawsuit ​must be filed with the court no later than January 10, 2024.​ When a securities class action is filed such as the Chipotle class action lawsuit:

1. The person who files the first complaint is required to publish a notice announcing the filing.
2. Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. 

You Have Two Choices If You Receive a Notice in the Chipotle Class Action Lawsuit

​​First, read the notice very carefully.  You have two choices. 

• First, you can do nothing and remain a member of the class represented by lead counsel. 
• Second, if you believe you have a large enough loss to justify it, you can opt out of the Chipotle class action lawsuit and file your own separate lawsuit.

​Note, that if you opt out, you will not be able to participate in any settlement or recovery obtained in the Chipotle class action lawsuit. 

The Lead Plaintiff Process in the Chipotle Class Action Lawsuit

Under the Private Securities Litigation Reform Act of 1995 (PSLRA):

• Any investor who purchased and suffered losses in Chipotle stock may seek appointment as lead plaintiff in the Chipotle class action​ lawsuit.
• A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
• A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.
• The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. 
• An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. 

The Benefits of Serving as a Lead Plaintiff in the Chipotle Class Action Lawsuit

1. Negotiating more competitive attorney fees and reducing litigation costs.
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in decision-making processes regarding the settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a  settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

The Responsibilities the Lead Plaintiff Will Have in the Chipotle Class Action Lawsuit

1. Selecting, monitoring, and overseeing Lead Counsel.
2. Reviewing and commenting on court filings on behalf of the class.
3. Discussing litigation strategies with the Lead Counsel.
4. Attending depositions (if necessary) and giving a deposition.
5. Attending hearings (if necessary).
6. Participating in mediation and the trial (if necessary).
7. Provide input on any decision concerning the settlement of the securities class action.

Eligibility Criteria for Lead Plaintiff Appointment in the Chipotle Class Action Lawsuit

To be eligible for appointment as the lead plaintiff in the Chipotle class action lawsuit, an investor must meet the following criteria:

1. Securities Acquisition: The investor must have purchased or acquired Chipotle Mexican Grill, Inc. (NYSE: CMG) publicly traded common stock and those who purchased Chipotle call options or sold put options between February 8, 2024, and October 29, 2024.
2. Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Chipotle and its executives.
3. Typicality and Adequacy: The investor's legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.

It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the Chipotle class action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.

STAGES OF THE Chipotle Lawsuit

1. Consolidation and Lead Plaintiff Appointment
2. Filing of Consolidated Complaint
3. Motion to Dismiss
4. Class Certification
5. Discovery
6. Settlement Negotiations and Mediation
7. Summary Judgment Motions
8. Trial
9. Appeals

NO COST TO HIRE A Chipotle STOCK LOSS LAWYER: CONTINGENCY FEE ARRANGEMENTS

If you suffered losses in Chipotle stock, call Timothy L. Miles today for a free case evaluation

• Many securities litigation attorneys, including Timothy L. Miles, operate on a contingency fee basis, which means clients do not pay any upfront fees or costs. Instead, the attorney's fees and expenses are deducted from any settlement or judgment recovered on behalf of the class, typically as a court-approved percentage of the total recovery.

​
This arrangement ensures that investors can pursue their legal rights without bearing the financial burden of costly litigation, as the attorneys assume the risk and only receive compensation if they achieve a successful outcome for the class.

---

Resources for Investors in the Chipotle Class Action Lawsuit

• Investor Resources
• Seeking Alpha​
• A Wealth of Common Sense
• Better Investing
• U. S. Securities & Exchange Commission
• Investor.gov
• Yahoo Finance
• Investopedia
• SEC (Resources for Investors)
• Investor Resources Inc.​
• Vanguard
• Investor's Resource: Home​

CONTACT TIMOTHY L MILES TODAY ABOUT A Chipotle CLASS ACTION LAWSUIT

​If you suffered losses in Chipotle stock, contact Chipotle stock loss lawyer Timothy L. Miles today for a free case evaluation about a Chipotle class action lawsuit. Call today and see what a Chipotle stock loss lawyer could do for you if you suffered losses in Chipotle​ ​stock. ​This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. ​

CHIPOTLE CLASS ACTION LAWSUIT
CHIPOTLE STOCK LOSS LAWYER
TIMOTHY L. MILES
300 CENTERVIEW DR, UNIT 247
BRENTWOOD, TN 27027
​855-846-6528

FREE CASE EVALUATION:
CHIPOTLE CLASS ACTION LAWSUIT
If you suffered losses in Chipotle stock, call Chipotle stock loss lawyer Timothy L. Miles today for a
free case evaluation about a Chipotle class action lawsuit. 
​855-846-6528​