Dismissal Of Investor Claims In Chipotle E. Coli Outbreak Suit Upheld On Appeal

Mealey's (August 13, 2020, 1:47 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Aug. 12 ruled that a federal district court applied the correct standard in denying a post-judgment motion to amend its securities class action complaint for a fourth time, rejecting the lead plaintiffs' argument that the district court failed to identify an adequate basis for relief under Federal Rule of Civil Procedure 59(e) or 60(b) (Metzler Investment GmbH, et al. v. Chipotle Mexican Grill Inc., et al., No. 18-3807, 2nd Cir.)....