Chipotle sued by shareholders over hit from portion size cuts
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Chipotle Mexican Grill Inc (NYSE:CMG) is facing a lawsuit from shareholders for not disclosing the number of restaurants that reduced portion sizes, leading to customer dissatisfaction.
November 12, 2024 | 9:15 am
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Chipotle is being sued by shareholders for not disclosing the extent of portion size reductions in its restaurants, which led to customer dissatisfaction.
The lawsuit could negatively impact Chipotle's stock price in the short term due to potential legal costs and damage to its reputation. The issue of portion size cuts and the resulting customer dissatisfaction are significant concerns for investors.
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