Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the
Class Action Lawsuit Against Chipotle Mexican Grill, Inc.
BENSALEM, Pa. -- October 03, 2012
Law Offices of Howard G. Smith announces that shareholders of Chipotle Mexican
Grill, Inc. (“Chipotle” or the “Company”) (NYSE:CMG) have until October 16,
2012 to move the Court to serve as lead plaintiff in the securities fraud
class action lawsuit filed in the United States District Court for the
District of Colorado. The lawsuit was filed on behalf of a class (the “Class”)
comprising all purchasers of Chipotle common stock between February 1, 2012
and July 19, 2012 (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.
No class has yet been certified in the above action. Until a class is
certified, you are not represented by counsel unless you retain one. If you
are a member of the Class described above, you have certain rights, and have
until October 16, 2012 to move for lead plaintiff status. To be a member of
the class you need not take any action at this time, or may retain counsel of
your choice. If you wish to discuss this action or learn more concerning your
rights or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to email@example.com, or visit our
website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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