Berger Montague files a class action against Gildan Activewear
PR Newswire
1h ago
Ai Focus
Berger Montague announces that it has filed a class action on behalf of investors who purchased or acquired Gildan Activewear Inc securities between February 19, 2025, and June 15, 2026, stating that the deadline for submitting applications to be named as lead plaintiffs is December 14, 2026. The complaint alleges that the defendants made false and/or misleading statements, or failed to disclose issues such as inadequate internal controls at Gildan and created an illusion of revenue through channel pressure sales.
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Philadelphia, October 28th / PRNewswire / -- Berger Montague This leading national law firm for plaintiffs announced that it has filed a class action lawsuit against the company on behalf of investors who purchased or acquired securities of Gildan Activewear Inc (New York Stock Exchange ticker: GIL) (hereinafter referred to as “Gildan” or “the Company”) between February 19, 2025, and June 15, 2026. The deadline for applying to be designated as the lead plaintiff is December 14, 2026.

Q&A

What is this lawsuit about?

According to the lawsuit, the defendant made false and/or misleading statements, and/or failed to disclose the following facts: (1) Gildan did not have adequate internal controls; (2) Gildan created an illusion of revenue through channel pressure sales ( channel stuffing ); (3) As a result, the defendant's statements regarding Gildan's business, operations, and prospects were materially false and misleading at all relevant times, and/or lacked reasonable basis.

What kind of company is Gildan?

Gildan is headquartered in Montreal and is a clothing manufacturer that claims to be a "leading vertically integrated manufacturer of everyday basic clothing, with products including sportswear, underwear, and socks."

What do I need to do?

Investors who purchased or acquired Gildan securities during the litigation period may apply to be appointed as the lead plaintiff representing all members no later than December 14, 2026.

If you are an investor Gildan and wish to learn more about this lawsuit or discuss your rights, please contact Berger Montague at: Andrew Abramowitz, email [email protected], phone (215) 875-3015; or Caitlin Adorni at: email protected, phone (267) 764-4865; you may also visit the website of that law firm.

About Berger Montague

Berger Montague is one of the most renowned law firms in the United States, specializing in complex civil litigation, class actions, and large-scale tort cases in federal and state courts across the country. In 2025 alone, the firm obtained more than $2.4 billion in post-trial judgments; it holds a leading position in various fields such as complex litigation, antitrust, consumer protection, defective products, environmental law, labor law, securities, and whistleblower cases. For over 55 years, Berger Montague has played a leading role in landmark cases, recovering over $50 billion for its clients and the groups they represent. The firm is headquartered in Philadelphia and has offices in Chicago, Malvern, Pennsylvania, Minneapolis, San Diego, San Francisco, Toronto, Canada, Washington D.C., and Wilmington, Delaware.

For more information or to discuss your rights, please contact:

Andrew Abramowitz

Berger Montague
(215) 875-3015
[ email protected ]

Caitlin Adorni

Berger Montague
(267) 764-4865
[ email protected ]

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