Rosen Law Firm Files Securities Fraud Lawsuit Against Gildan Activewear
Rosen Law Firm has filed a class action lawsuit against Gildan Activewear Inc., alleging inadequate internal controls and the use of "channel stuffing" to inflate revenue.
Global investor rights law firm Rosen Law Firm has initiated a class action lawsuit against Gildan Activewear Inc. The suit targets purchasers of the company's securities between February 19, 2025, and June 15, 2026, inclusive. Investors wishing to serve as lead plaintiff must act by December 14, 2026.
The lawsuit claims that Gildan Activewear failed to maintain adequate internal controls and employed "channel stuffing" practices to create a false appearance of revenue growth. According to the complaint, these actions led to materially false and misleading statements about the company's business operations and prospects.
Rosen Law Firm is encouraging investors who incurred losses exceeding $100,000 during the specified period to contact the firm. This action aims to represent all class members, with the potential for compensation without out-of-pocket costs through a contingency fee arrangement.
The firm emphasizes its experience in securities class actions and encourages potential clients to select counsel with a proven track record. Gildan Activewear is based in Canada and operates as a manufacturer and marketer of branded athletic, casual, and fashion basics apparel.