Chipotle Mexican Grill,\ Inc, CMG Securities Lawsuit

Company:	Chipotle Mexican Grill,\ Inc,
Ticker Symbol:	CMG
Class Period:	Feb-1-12 to Jul-19-12
Date Filed:	Sep-17-12
Lead Plaintiff Deadline:	Nov-16-12
Court:	District of Colorado
Allegations:

Los Angeles, CA: A securities class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of a class (the "Class") consisting of all persons or entities who purchased the common stock of Chipotle Mexican Grill, Inc. ("Chipotle" or the "Company") (NYSE:CMG) between February 1, 2012 and July 19, 2012, inclusive (the "Class Period").

Chipotle develops and operates fast-casual, fresh Mexican food restaurants in the United States, Canada, the United Kingdom and France. The Complaint alleges that the Company and certain of its executive officers misrepresented and/or failed to disclose material adverse facts concerning Chipotle's business and financial prospects, including that: (1) Chipotle did not have the pricing power to implement price increases sufficient to offset rising food costs, and as a result the Company's margins would be under pressure as Chipotle would be unable to pass through these commodity costs to consumers; (2) demand for Chipotle was slowing due to the economy and increased competition, and could not support the Company's aggressive 2012 earnings forecasts; and (3) Chipotle was experiencing a deceleration of growth as it was becoming a mature company.

As a result of this news, on July 20, 2012 the price of Chipotle stock dropped 22% -- the largest one-day stock decline in the Company's history.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Chipotle Mexican Grill,\ Inc, CMG Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Chipotle Mexican Grill,\ Inc, securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.
Published on Sep-17-12