NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Chipotle Mexican Grill, Inc. (NYSE:CMG) resulting from allegations that Chipotle may have issued materially misleading business information to the investing public.
On December 8, 2015, Boston College announced that 80 of its students had complained of gastrointestinal symptoms after eating at a Chipotle restaurant in Brighton, Massachusetts, up from the 30 it reported the previous day. This disclosure follows an E. coli outbreak linked to Chipotle restaurants in late October and November 2015. On this news, shares of Chipotle fell $9.51 per share or approximately 2% from its previous closing price to close at $542.24 per share on December 8, 2015.
On January 6, 2016, Chipotle announced that it was served in December 2015 with a federal grand jury subpoena in connection with an official criminal investigation relating to a dangerous norovirus outbreak at its restaurant located in Simi Valley, California in August 2015. 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’s Office of Criminal Investigations. On this news, shares of Chipotle fell $22.36 per share or approximately 5% from its previous closing price to close at $426.67 per share on January 6, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Chipotle investors. If you purchased shares of Chipotle on or before January 6, 2016, please visit the firm’s website at http://rosenlegal.com/cases-809.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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