Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Northern District of New York on behalf of shareholders of Gildan Activewear Inc. who purchased shares between February 19, 2025 and June 15, 2026.
Gildan and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On June 16, 2026, Jehoshaphat Research published a report alleging that Gildan had been “stuffing” its distributors and customers with excess product beyond underlying end-user demand, including by offering incentives and extended payment terms at quarter-end to pull sales forward. The report further alleged that this practice had obscured several years of declining organic revenue and had pulled forward approximately $500 million of revenue from upcoming quarters in 2026.
On this news, the price of Gildan shares fell $11.63, or 18.7%, from a close of $61.97 on June 15, 2026, to a close of $50.34 on June 16, 2026.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until December 14, 2026 to request that the court appoint them lead plaintiff.