The lawsuit claims that Gildan Activewear failed to disclose significant deficiencies in its internal controls and engaged in channel stuffing to artificially inflate revenue figures. According to the complaint, these practices rendered the company’s public statements about its business operations and financial health materially false and misleading. When these details surfaced, the resulting market correction allegedly caused financial losses for shareholders.
Investors seeking to participate in this litigation have until December 14, 2026, to file a motion with the court to serve as lead plaintiff. While a class has not yet been certified, those who held securities during the specified period may be eligible for compensation through a contingency fee arrangement, meaning no out-of-pocket costs are required to join the suit. Interested parties can contact attorney Phillip Kim at The Rosen Law Firm for further information regarding the filing process and individual legal rights.
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