Chipotle Faces Shareholder Lawsuit Over Portion Size Controversy

Shareholders allege Chipotle misled investors about inconsistent portions, impacting stock value and customer satisfaction.

A class action lawsuit has been filed in California federal court by Chipotle shareholders, claiming the company concealed portion size inconsistencies.
The controversy over portion sizes began in July 2024, leading to social media backlash and customer dissatisfaction.
Chipotle's efforts to address the issue by increasing portion sizes have raised costs, contributing to a significant drop in stock price.
The lawsuit seeks unspecified damages for investors who purchased Chipotle stock between February and October 2024.
Scott Boatwright has been officially named CEO, following Brian Niccol's departure to Starbucks, amid ongoing legal challenges.