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0 0.00077228246495644 0 -0.000264480296217879 -0.000232742660671801 -0.000264480296217879 -0.000264480296217879 -0.000264480296217879
Stock impact report

Chipotle wins lawsuit over its portion sizes after claims that company leaders defrauded investors [Yahoo! Finance]

Chipotle Mexican Grill, Inc. (CMG) 
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
Company Research Source: Yahoo! Finance
In a ruling last week, a federal judge in California found there was no evidence the fast casual chain's executives had lied to shareholders about its portions, despite much "viral criticism". The company was engulfed by controversy last year after numerous customers complained of smaller meals , especially when ordered online rather than in person. Chipotle denied it and then-CEO Brian Niccol was widely mocked for a TikTok video in which he insisted "the portions have not gotten smaller." On Thursday last week Judge Sherilyn Peace Garnett of the U.S. District Court sided with Chipotle and dismissed the lawsuit, which was filed last November by disgruntled investor Michael Stradford. "The facts alleged do not show Niccol and [food safety officer Laurie] Schalow made a false or misleading statement by denying that the Company had reduced the size of its portions," wrote Garnett. Whistleblower testimony cited by Stradford's attorneys amounted to "vague hearsay", she said, and Show less Read more
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