Chipotle shareholder sues chain over latest food-safety issue.
Bloomberg News (7/21, Mehrotra, 3.08M) reported that a shareholder has filed a class-action lawsuit against Chipotle arguing that the “company made misleading statements to bolster confidence that it had resolved the health and safety troubles from 2015, when it was forced to close all of its US stores after hundreds of consumers got sick.” In March, Chipotle “won dismissal of a similar lawsuit brought by investors over stock price drops after several food-borne illness outbreaks in 2015 were traced to its restaurants, with a judge concluding that the case was ‘long on text but it is short on adequately-pleaded claims.’”
