Class Action Lawsuit Filed Against Gildan Activewear Inc. Following Allegations of Channel Stuffing
Pomerantz LLP has announced a class action lawsuit against Gildan Activewear Inc. (NYSE: GIL) following allegations of securities fraud and unlawful business practices. The legal action follows a short report published by Jehoshaphat Research on June 16, 2026, which accused the company of engaging in persistent 'channel stuffing' to obscure negative organic growth. The report alleged that Gildan accumulated over $500 million in excess product with distributors as of Q1 2026 and misled investors by moving nearly half of its receivables off the balance sheet. Following these allegations, Gildan's stock price experienced a significant decline, dropping 18.7% to close at $50.34 on the day of the report.
Tickers: $GIL
Topics: channel stuffing class action lawsuit investor litigation securities fraud
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