$GIL News: Gildan Under Investigation for Securities Fraud Over Potential Misrepresentations about Channel Stuffing – Contact BFA Law if You Lost Money
Securities law firm Bleichmar Fonti & Auld LLP announced an investigation into Gildan Activewear for potential securities fraud, alleging the apparel maker engaged in channel stuffing to artificially inflate reported revenue. The investigation follows a June 16, 2026 short-seller report by Jehoshaphat Research alleging Gildan pulled sales forward, cannibalizing future demand and inflating its growth trajectory. Gildan shares fell $11.62, or 18.75%, from $61.97 to $50.35 on the report.
Key figures
- Stock drop pct
- 18.75%
- Stock drop date
- 2026-06-16
- Price close after
- 50.35
- Price close before
- 61.97
- Stock drop usd per share
- 11.62
AI analysis
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