Reported 13 days ago
Chipotle Mexican Grill faces a class-action lawsuit from shareholders who claim the company concealed portion size inconsistencies at its restaurants, leading to customer dissatisfaction and a significant drop in stock value. The lawsuit, filed in California, asserts that Chipotle's failure to address these issues resulted in increased ingredient costs and a loss of $6.5 billion in market value following disappointing financial results. The case also includes former executives as defendants.
Source: YAHOO