Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Chipotle Mexican Grill, Inc. (“Chipotle” or the “Company”) (NYSE: CMG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between February 5, 2016 and July 19, 2017, inclusive (the “Class Period”), are encouraged to contact the firm before September 18, 2017, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate.

We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Complaint alleges that during the Class Period, Chipotle made materially false and/or misleading statements, and/or failed to disclose material information, specifically that: the Company’s purported improvements in its restaurants’ food safety policies were inadequate; that Chipotle’s quality controls were still not in compliance with applicable consumer and workplace safety regulations; that the Company’s quality controls remained inadequate to safeguard consumer and employee health; and that as a result of the above, Chipotle’s public statements were materially false and misleading at all relevant times.

In 2015, many customers fell ill after eating at Chipotle restaurants. On February 8, 2016, the Company closed all of its restaurants for several hours for an all-staff meeting regarding food safety. Chipotle also hired a new head of food safety who implemented a number of changes to policies at the Company’s restaurants.

On July 18, 2017, several news stories reported that the Company closed a restaurant in Sterling, Virginia, due to a suspected norovirus outbreak. According to Business Insider, citing information from iwaspoisoned.com, a website where consumers document suspected incidents of foodborne illness, at least 13 customers fell ill after eating at that Chipotle restaurant between July 14 and July 15. Following this news, Chipotle’s stock price dropped.

On July 20, 2017, The Wall Street Journal published an article revealing that the number of reports of illness associated with the restaurant-chain continues to rise. On that same day, Reuters published an article reporting that a county health department official confirmed norovirus in a customer who ate at the Virginia Chipotle restaurant. Later in the day, CNBC published an article reporting that rodents were spotted at a Dallas-area Chipotle on July 19, 2017. Following these news reports, Chipotle’s stock price dropped materially, which caused investors harm.

Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

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