Gildan Activewear Inc. (“Gildan Activewear” or the “Company”) (NYSE: GIL) investors who wish to serve as lead plaintiff in a pending securities fraud class action lawsuit must move the Court by December 14, 2026. The suit was filed on behalf of investors who purchased or otherwise acquired the Company’s securities from February 19, 2025 through June 15, 2026, inclusive. The Law Offices of Howard G. Smith today highlighted the deadline in the case, Cortez v. Gildan Activewear Inc. et al., which was filed on October 15, 2026 in the U.S. District Court Northern District of New York (Case No. 1:26-cv-02126).
Investors with losses on Gildan Activewear Inc. securities can reach The Law Offices of Howard G. Smith about the Gildan Activewear Inc. lawsuit before the December 14, 2026 deadline to discuss potential claims under the federal securities laws.
Key deadline for Gildan Activewear Inc. investors
- Deadline for lead plaintiff motions: December 14, 2026
- Class period: February 19, 2025 through June 15, 2026, inclusive
- Complaint filing date: October 15, 2026
- Court: U.S. District Court Northern District of New York
What happened?
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, obscured by financial engineering, and that the Company transfers almost half its receivables off-balance sheet. The report alleged distributors were holding approximately $510 million in excess inventory.
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.
Allegations in the Gildan Activewear Inc. case
The Gildan Activewear Inc. shareholder lawsuit alleges that, throughout the class period, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Gildan Activewear Inc.’s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose to investors that: (1) Gildan did not have adequate internal controls; (2) Gildan used channel stuffing to create an appearance of revenue; and (3) as a result, defendants’ positive statements about Gildan Activewear Inc.’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Gildan Activewear Inc. investors who purchased or otherwise acquired securities during the class period may move the Court by December 14, 2026 to seek appointment as lead plaintiff in this putative class action.
“The lawsuit against Gildan Activewear Inc. alleges that, among other things, the Company failed to tell investors that Gildan did not have adequate internal controls. Gildan Activewear Inc. investors who bought during the class period may want to know their options before the December 14, 2026 lead plaintiff deadline passes,” said Howard G. Smith of The Law Offices of Howard G. Smith.
Next steps for Gildan Activewear Inc. investors
Gildan Activewear Inc. investors who suffered losses may contact The Law Offices of Howard G. Smith to learn about pursuing their claims. Lead plaintiff motions in the Gildan Activewear Inc. class action are due to the Court by December 14, 2026. For more information, visit the firm’s website, email howardsmith@howardsmithlaw.com, or call (215) 638-4847.
To be a member of the Gildan Activewear Inc. class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent class member. No class has been certified so far in the Gildan Activewear Inc. case.
Common questions from Gildan Activewear Inc. investors
Who is eligible? Investors who acquired Gildan Activewear Inc. securities from February 19, 2025 through June 15, 2026 and suffered losses may qualify for the class in the Gildan Activewear Inc. shareholder lawsuit.
What is the deadline? Lead plaintiff motions in the Gildan Activewear Inc. case are due by December 14, 2026.
Can I still be part of the Gildan Activewear Inc. class after the deadline? Yes, Gildan Activewear Inc. investors who do not seek lead plaintiff appointment may remain class members.
Does it cost anything? The Law Offices of Howard G. Smith works on contingency, so investors pay no attorneys’ fees unless there is a recovery, and any fees require court approval.
About The Law Offices of Howard G. Smith
The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.
Prior results do not guarantee a similar outcome.
Related links
- Gildan Activewear Inc. case page, The Law Offices of Howard G. Smith
- Complaint: Cortez v. Gildan Activewear Inc. et al., U.S. District Court Northern District of New York
- Jehoshaphat Research report
- Gildan Activewear Inc. SEC filings index, EDGAR
- The Law Offices of Howard G. Smith
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261021678254/en/
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