Gildan Activewear faces class action probe after short seller report

The investigation follows a critical report from Jehoshaphat Research, which disclosed a short position in the company. The research firm alleges that Gildan Activewear masked years of negative organic growth through financial engineering, despite reporting revenue gains. Shareholders who suffered losses during this period are now being invited to join a potential class action lawsuit.

Rosen Law Firm, which specializes in securities litigation, is currently vetting claims to determine if the company disseminated materially misleading business information to the public. Investors who purchased securities may be eligible for compensation under a contingency fee arrangement, which requires no out-of-pocket costs for participants. Those seeking to join the action or obtain further information are directed to contact Phillip Kim at the firm's New York office.