Chipotle Mexican Grill(US:CMG) Prnewswireยท2024-12-16 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Chipotle Mexican Grill, Inc. regarding a class action lawsuit alleging misleading statements and inconsistent portion sizes that may have affected customer satisfaction and company performance [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from February 8, 2024, to October 29, 2024 [2]. - The complaint claims that Chipotle's portion sizes were inconsistent, leading to customer dissatisfaction [2]. - It is alleged that to retain customer loyalty, Chipotle would need to increase portion sizes, which would subsequently raise the cost of sales [2]. - The statements made by the defendants regarding the company's business operations and prospects were claimed to be materially false and misleading [2]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by January 10, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices [4]. - The firm is committed to ensuring companies adhere to responsible business practices and good corporate citizenship [4]. - The firm seeks recovery for investors who experienced losses due to misleading statements or omissions that inflated the company's stock value [4].