Levi & Korsinsky investigates Gildan Activewear over CEO firing and stock drop in 2023

Levi & Korsinsky has launched an investigation into Gildan Activewear following the abrupt firing of CEO Glenn Chamandy in December 2023, which caused the company's shares to drop 10% in one day. Despite positive earnings remarks earlier in 2023, the board replaced Chamandy with Vince Tyra, sparking a costly proxy battle that ended with Chamandy's reinstatement and a new board in May 2024. The investigation focuses on potential violations of federal securities laws related to these events. Investors who suffered losses may seek recovery through legal channels.