Bloomberg News

Chipotle Receives SEC Subpoena Related to Work Laws

May 21, 2012

(Corrects year investigation began in third paragraph of story published May 18.)

Chipotle Mexican Grill Inc. (CMG:US), the eatery that fired workers when an immigration investigation began, received a subpoena from the U.S. Securities and Exchange Commission regarding work authorizations.

Chipotle received the subpoena yesterday “requesting that we provide information regarding our compliance with employee work authorization requirements, our related public statements and other disclosures, and related information,” the Denver- based company said in an SEC filing today.

Last year, Chipotle said it was working with the criminal division of the U.S. Attorney’s office in Washington, in addition to U.S. Immigration and Customs Enforcement, to provide certain documents as part of a review. The burrito chain fired about 450 workers after an immigration investigation began in 2010 in Minnesota.

The shares fell (CMG:US) 0.6 percent to $392.13 at the close in New York. Chipotle has gained 16 percent this year.

To contact the reporter on this story: Leslie Patton in Chicago at lpatton5@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net


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Companies Mentioned

  • CMG
    (Chipotle Mexican Grill Inc)
    • $663.62 USD
    • 3.41
    • 0.51%
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