Press release from Business Wire
Law Offices of Todd M. Garber Announces Investigation of Chipotle Mexican Grill, Inc.
Wednesday, September 12, 2012
Law Offices of Todd M. Garber Announces Investigation of Chipotle Mexican Grill, Inc.00:00 EDT Wednesday, September 12, 2012 LOS ANGELES (Business Wire) -- The Law Offices of Todd M. Garber announces that it is investigating potential claims against Chipotle Mexican Grill, Inc. (“Chipotle” or the “Company”) (NYSE:CMG) concerning possible violations of federal securities laws. The investigation is related to certain statements issued by the Company between February 1, 2012 and July 19, 2012 concerning the Company's business and financial prospects. Chipotle develops and operates fast-casual, fresh Mexican food restaurants in the United States, Canada, the United Kingdom and France. The investigation is related to allegations that the Company and certain of its executive officers misrepresented and/or failed to disclose material adverse facts, 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. If you purchased Chipotle common stock between February 1, 2012 and July 19, 2012 , if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to email@example.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Law Offices of Todd M. GarberTodd M. Garber, Attorney at LawLos Angeles, California213firstname.lastname@example.org