Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm Encourages Gildan Activewear Inc. (GIL) Shareholders To Inquire About Securities Fraud Class Action
Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm Encourages Gildan Activewear Inc. (GIL) Shareholders To Inquire About Securities Fraud Class Action
Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Gildan Activewear Inc. (“Gildan” or the “Company”) (NYSE: GIL) common stock between February 19, 2025 and June 15, 2026, inclusive (the “Class Period”). Gildan investors have until December 14, 2026 to file a lead plaintiff motion.
IF YOU SUFFERED A LOSS ON YOUR GILDAN ACTIVEWEAR INC. INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS
What Happened?
On June 16, 2026, Jehoshaphat Research published a short report alleging that Gildan had been “stuffing” distributors and customers with excess product beyond underlying end-user demand and had pulled forward approximately $500 million of revenue from upcoming 2026 quarters.
On this news, Gildan’s stock price fell $11.63 per share, or 18.7%, to close at $50.34 per share on June 16, 2026, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Gildan did not have adequate internal controls; (2) Gildan used channel stuffing to create an appearance of revenue; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Gildan securities during the Class Period, you may move the Court no later than December 14, 2026 to request appointment as lead plaintiff in this putative class action lawsuit.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: shareholders@glancylaw.com
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email: shareholders@glancylaw.com
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261019019616/en/
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