NEW YORK, Jan. 7, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Chipotle Mexican Grill, Inc. ("Chipotle" or the "Company") (NYSE: CMG), concerning whether the board has breached its fiduciary duties to shareholders.
In October and November 2015, a widely reported-on E. coli outbreak sickened customers who had eaten at Chipotle restaurants. In December 2015, it was reported that 80 students at Boston College had become sick after eating at a Chipotle restaurant in Brighton, Massachusetts.
On January 6, 2016, the Chipotle disclosed that it has been served with a grand jury subpoena in connection with a federal criminal investigation into a norovirus outbreak that sickened customers at a Chipotle restaurant in Simi Valley, California in August 2015.
On this news, Chipotle stock, which closed over $540 per share in December 2015, fell to its current trading price of approximately $415 per share.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Chipotle shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: email@example.com Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP