Boston, Massachusetts--(Newsfile Corp. - October 19, 2026) - Block & Leviton announces that a securities fraud lawsuit has been filed against Gildan Activewear Inc. (NYSE: GIL) and certain of its executives. Investors who have lost money in their Gildan investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/gil.

What is this all about?

Gildan Activewear shares fell over 20% on June 16, 2026, following the publication of a Jehoshaphat Research report alleging that Gildan has been "channel stuffing" distributors with excess product beyond underlying end-user demand, creating what Jehoshaphat described as an approximately $500 million product overhang. The report further alleged that Gildan's organic growth has been negative for years, despite the Company reporting revenue growth, and that certain sales practices, including extended quarter-end terms, may have pulled sales forward between quarters.

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose 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' statements about Gildan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Who is eligible?

Anyone who purchased or otherwise acquired publicly traded Gildan Activewear securities between February 19, 2025 and June 15, 2026, may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What should you do next?

The deadline to seek appointment as lead plaintiff is December 14, 2026. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.

Whistleblower?

If you have non-public information about Gildan Activewear, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at whistleblowers@blockleviton.com or by phone at (888) 256-2510.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.

This notice may constitute attorney advertising.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319728

Source: Block & Leviton LLP