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Faruqi & Faruqi, Co-Lead Counsel, Obtains Final Court Approval Of Shareholder Derivative Action Settlement On Behalf Of Chipotle Mexican Grill, Inc. And Its Shareholders

April 05, 2018

On April 4, 2018, the Honorable William J. Martinez, of the United States District Court of the District of Colorado granted final approval of the proposed settlement of the two federal court consolidated derivative cases: Gubricky v. Ells, et al., Civil Action No. 16-cv-2011-WJM-KLM, and Lashkari v. Ells, et al., Civil Action No. 16-cv-3180-WJM-KLM (the “Federal Court Derivative Action”).  The state court consolidated derivative cases styled as In re Chipotle Mexican Grill, Inc. Derivative Litigation, No. 2:16-cv-01250 RSL (W.D. Wash.), will be dismissed by stipulation within five (5) business days of entry of judgment in the Federal Court Derivative Action. Faruqi & Faruqi, as co-lead counsel in the Federal Court Derivative Action, represents stockholders of Chipotle Mexican Grill, Inc.  The settlement provides for extensive corporate governance reforms directly connected to issues raised in the Complaint including the creation of a Food Safety Advisory Council governed by written charter and led by the Executive Director, Food Safety, and comprised of independent consulting experts in food safety dedicated to evaluating and making recommendations regarding food safety. Partners Stuart J. Guber and Nina Varindani headed the successful litigation.

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