The investigation stems from a report by Jehoshaphat Research, which challenged the company's financial health. The research firm, which disclosed a short position in the manufacturer, alleged that Gildan Activewear obscured years of negative organic growth through financial engineering. This public disclosure prompted the significant single-day stock decline that now sits at the center of the potential class action.
Rosen Law Firm is currently seeking to represent investors who purchased company securities, offering representation on a contingency fee basis. Shareholders interested in participating or obtaining further information regarding the case are directed to contact Phillip Kim at 866-767-3653 or visit the firm's website. The firm, led by Laurence Rosen, maintains a long-standing practice in securities litigation and is building the case to recover investor losses tied to the alleged disclosures.
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