One class action suit has been filed, another is awaiting class certification and a third is in the wings, all alleging that Chipotle and its leadership led food safety officials, investors and the public at large to believe its food safety initiatives were adequate when they were not.
The court actions come after a day of crushing, crisis-level news about events striking the chain’s stores in Virginia and Texas that ultimately sent the brand’s stock price into a downward spiral, closing Thursday at $356.05, compared with $390.17 at the close Monday before the most recent events became public.
Dispatches From The Front 