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Chipotle Mexican Grill Inc (NYSE: CMG) Investor Securities Class Action Lawsuit 08/16/2012

  • If you purchased shares of Chipotle Mexican Grill Inc (NYSE: CMG), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Chipotle Mexican Grill, Inc.
Security
NYSE: CMG

Case Name
Chipotle Mexican Grill Shareholder Class Action Lawsuit 08/16/2012
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of Colorado

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

July 18, 2013 - The court dismissed the case with prejudice.
July 3, 2013 - The lead plaintiff field a stipulation of dismissal.

June 20, 2013 - A plaintiff filed a notice of voluntary dismissal.

April 17, 2013 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

October 16, 2012 - Another lead plaintiff motion was filed.

October 15, 2012 - Lead plaintiff motion was filed.

August 16, 2012 - An investor in shares of Chipotle Mexican Grill Inc (NYSE: CMG) filed a lawsuit in the U.S. District Court for the District of Colorado against Chipotle Mexican Grill Inc over alleged Violations of Federal Securities Laws in connection with certain allegedly false and misleading statements.

According to the complaint the plaintiff alleges on on behalf of purchasers of Chipotle Mexican Grill Inc (NYSE: CMG) common stock during the period between February 1, 2012 and July 19, 2012, that Chipotle Mexican Grill Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between February 1, 2012 and July 19, 2012 allegedly materially false and misleading statements regarding the Company’s business and prospects.

The plaintiff says that as a result of defendants’ allegedly false statements, NYSE: CMG stock traded at artificially inflated prices between February 1, 2012 and July 19, 2012 , reaching a high of $440.40 per share on April 13, 2012.

Then on July 19, 2012, after the market closed, Chipotle Mexican Grill Inc reported its second quarter 2012 results.

Shares of Chipotle Mexican Grill Inc (NYSE: CMG) fell from $404.24 on July 19, 2012, to as low as $280.67 per share on August 1, 2012.

On August 16, 2012, NYSE: CMG shares closed at $299.10 per share.