SAN DIEGO, April 19, 2016 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson & Weaver, LLP is investigating potential
claims against Chipotle Mexican Grill, Inc., Navient Corporation,
Brixmor Property Group Inc., and The Boeing Company, as detailed
below:
Chipotle Mexican Grill, Inc.
Johnson & Weaver, LLP is investigating potential violations
of the federal securities laws by Chipotle Mexican Grill,
Inc. (NYSE: CMG) and certain of its officers. A class action
lawsuit against the Company has been filed on behalf of
shareholders who purchased Chipotle between February 4, 2015 and January 5, 2016, (the "Class Period").
The complaint alleges that throughout the Class Period,
defendants made materially false and misleading statements and/or
failed to disclose that: (i) Chipotle's quality controls were not
in compliance with applicable consumer and workplace safety
regulations; (ii) Chipotle's quality controls were inadequate to
safeguard consumer and employee health; and (iii) as a result of
the foregoing, Chipotle's public statements were materially false
and misleading at all relevant times.
On January 6, 2016, Chipotle
announced that it had been served with a federal subpoena following
August 2014's criminal investigation of a dangerous norovirus
outbreak at one of its restaurants. This disclosure follows an E.
coli outbreak linked to Chipotle restaurants in late October and
November 2015, and a separate
norovirus outbreak at a location in Massachusetts.
If you have held shares continuously prior to February 4, 2015, you may have standing to hold
Chipotle harmless from the damage the officers and directors caused
by making them personally responsible. You may also be able to
assist in reforming the Company's corporate governance to prevent
future wrongdoing.
If you are a Chipotle shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
Navient Corporation
Johnson & Weaver, LLP is investigating potential violations
of the federal securities laws by Navient Corporation
(NASDAQ: NAVI) and certain of its officers. A class action lawsuit
against the Company has been filed on behalf of shareholders who
purchased Naviant between April 17,
2014 and December 28, 2015,
(the "Class Period").
The complaint alleges that during the Class Period, defendants
materially misstated the Company's business metrics and financial
prospects by failing to disclose that: (a) an increased number of
higher risk Private Education Loan borrowers were not timely
repaying their loans; (b) Navient's loan loss reserves were
materially understated; (c) the Company was engaged in unsound
business practices; (d) the Company's operating structure was
bloated; (e) a significant portion of the Company's low-rate credit
facilities were at risk of being reduced or eliminated, which would
cause the Company to face higher borrowing costs; and (f) based on
the foregoing, defendants lacked a reasonable basis for their
positive statements about the Company's prospects and
growth.
If you have held shares continuously prior to April 17, 2014, you may have standing to hold
Naviant harmless from the damage the officers and directors caused
by making them personally responsible. You may also be able to
assist in reforming the Company's corporate governance to prevent
future wrongdoing.
If you are a Naviant shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
Brixmor Property Group Inc.
Johnson & Weaver, LLP is investigating potential violations
of the federal securities laws by Brixmor Property Group
Inc. (NYSE:BRX) and certain of its officers. A class
action lawsuit against the Company has been filed on behalf of
shareholders who purchased Brixmor between October 27, 2014 and February 5, 2016, (the "Class Period").
The complaint alleges that, throughout the class period,
defendants made false and/or misleading statements and/or failed to
disclose that: (1) the Company purposefully misrepresented
Brixmor's financial results by manipulating income items for nine
quarters; and (2) Brixmor did not have adequate internal and
financial controls.
On February 8, 2016, Brixmor
announced that its CEO, President and Chief Financial Officer, and
Chief Accounting Officer, as well as an accounting employee, had
resigned effective immediately. Brixmor announced these
resignations stem from an Audit Committee review that determined
that "specific Company accounting and financial reporting
personnel, in certain instances, were smoothing income items, both
up and down, between reporting periods in an effort to achieve
consistent quarterly same property net operating income"
growth.
If you have held shares continuously prior to October 27, 2014, you may have standing to hold
Brixmor harmless from the damage the officers and directors caused
by making them personally responsible. You may also be able to
assist in reforming the Company's corporate governance to prevent
future wrongdoing.
If you are a Brixmor shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
The Boeing Company
Johnson & Weaver, LLP is investigating potential violations
of the federal securities laws by The Boeing Company (NYSE:
BA) and certain of its officers. A class action lawsuit against the
Company has been filed on behalf of shareholders who purchased
Boeing between February 9, 2012 and
February 11, 2016, (the "Class
Period").
The complaint alleges that throughout the Class Period,
defendants made materially false and misleading statements and/or
failed to disclose that: (a) Boeing's use of program accounting for
the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on
inflated sales forecasts; (b) Boeing's use of program accounting
for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied
on understated estimates of production costs; and (c) as a result
of the foregoing, Boeing's public statements were materially false
and misleading at all relevant times.
If you have held shares continuously prior to February 2012, you may have standing to hold
Boeing harmless from the damage the officers and directors caused
by making them personally responsible. You may also be able to
assist in reforming the Company's corporate governance to prevent
future wrongdoing.
If you are a Boeing shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
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SOURCE Johnson & Weaver, LLP