Securities Fraud Investigation Into Gildan Activewear Inc. (GIL) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
GlobeNewsWire
公開日時: Jul 23, 2026, 11:21 PM
Sentiment Analysis
The Law Offices of Frank R. Cruz continues its investigation of Gildan Activewear Inc. (“Gildan” or the “Company”) (NYSE: GIL ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
On June 16, 2026, Jehoshaphat Research published a report alleging, among other things, that Gildan “has been stuffing the channel to make revenues look like they’re growing” which has been “cannibalizing future demand and inflating the overall growth trajectory of [the] business.” The report notes that the problem is “obscured by financial engineering” and that the Company “transfers almost half its receivables off-balance sheet.”
On this news, Gildan’s stock price fell $11.62, or 18.8%, to close at $50.35 per share on June 16, 2026, thereby injuring investors.
Source: GlobeNewsWire
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