Gildan Activewear Inc. Class A Sub. Vot. Common Stock (NYSE: GIL)
52 Days left to seek lead plaintiff status.
The complaint alleges that the Defendants made false and/or misleading statements and/or failed to disclose 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’ statements about Gildan’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. Gildan’s NYSE-listed shares fell $11.63 per share, or 18.7%, to close at $50.34 on June 16, 2026.