NEW YORK, Jan. 6, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Chipotle Mexican Grill, Inc. ("Chipotle" or the "Company") (NYSE: CMG). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Chipotle and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On December 7, 2015, post-market, Boston College announced that 30 of its students had complained of gastrointestinal symptoms after eating at a Chipotle restaurant in Brighton, Massachusetts. Chipotle was previously linked to a multi-state E. coli outbreak starting in October 2015, although thus far the company's Brighton restaurant has not been definitively linked to that outbreak.
On this news, shares of Chipotle have fallen as much as $20.42 to $531.33, or 3.70%, during intra-day trading on December 8, 2015.
On January 6, 2016, Chipotle announced that the company was served in December 2015 with a federal grand jury subpoena as part of a criminal investigation tied to a dangerous norovirus outbreak the previous summer at one of its restaurants in California. The investigation is being conducted by the U.S. Attorney's Office for the Central District of California in conjunction with the Food and Drug Administration. On this news, Chipotle stock has fallen as much as much as $20.03, or 4.5%, to $429.00 during intra-day trading on January 6, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP