Reported about 16 hours ago
A shareholder has filed a lawsuit against Chipotle Mexican Grill, Inc. (CMG) in the U.S. District Court, claiming the company, along with its former CEO and CFO, misrepresented financial information regarding inconsistent portion sizes, leading to artificially inflated stock prices. The plaintiff is seeking compensation for losses suffered during an alleged class period from February 2024 to October 2024. Despite the lawsuit and public complaints about portion sizes, CMG stock has seen a significant increase this year.
Source: YAHOO