Gildan Activewear faces a class action lawsuit for securities fraud after its stock fell 18.75% following allegations of channel stuffing to inflate revenue and misrepresent financial results. The complaint claims Gildan pushed excess inventory to distributors with incentives, artificially boosting sales and receivables while overstating internal controls. This led to a sharp stock decline after a critical report in June 2026 exposed these practices. Investors have until December 14, 2026, to join the lawsuit, which is pending in the U.S. District Court for the Northern District of New York.
Gildan Activewear's stock fell 18.75% after allegations of channel stuffing, with a class action lawsuit deadline set for December 14, 2026. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Oct 27, 2026 16:41 WIB: of 134 priced US stocks, 59 rose and 66 fell. Notable movers include ARKO at USD 3.91 (+1.82%, 0% Sell / 100% Buy), MNSO at USD 9.81 (-1.70%, 100% Sell / 0% Buy), and VFC at USD 16.69 (-1.53%, 100% Sell / 0% Buy).
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