Chipotle Requests to Dismiss Class Action Filed by Investors

Court: C.D. California

Case: 8:24-cv-02459

Chipotle has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On March 26, 2024, Chipotle assured investors that it maintained competitive advantages with consistent and valuable meal portions.

However, by mid-2024, viral social media posts and public backlash revealed inconsistencies in portion sizes, damaging the company’s reputation.

Following this, CMG dropped sharply, declining over 9% in two days.

Then, on November 11, 2024, shareholders filed a claim against Chipotle.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify CMG investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.