Lost money in Gildan Activewear Inc. stock? You may be able to recover your losses.
Cortez v. Gildan Activewear Inc. et al., No. 1:26-cv-02126 (N.D.N.Y.)
A federal securities class action has been filed on behalf of Gildan Activewear Inc. (GIL) investors. Find out in about 30 seconds whether you may be eligible to participate, at no cost.
- No cost to participate
- No fee unless investors recover
- Talk to a real person, not a call center
- Lead plaintiff deadline
- December 14, 2026
- 59 days remaining
- Class period
- Feb 19, 2025 – Jun 15, 2026
- Eligible purchases fall between these dates
What happened to GIL
About this case
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 Gildans 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.
The allegations, in plain terms
- February 19, 2025The class period begins. Investors who bought Gildan Activewear (GIL) shares from this date on may be affected by the issues later alleged.
- February 2025 – June 2026Gildan reported revenue growth during this period. It is allegedly the case that its underlying (organic) growth had actually been negative for years, and that sales practices such as extended quarter-end terms may have pulled sales forward from one quarter into another.
- June 15, 2026The class period ends, the last trading day before the short-seller report described below became public.
- June 16, 2026Jehoshaphat Research published a report alleging that Gildan had been "channel stuffing," meaning shipping distributors more product than end customers actually wanted. The report described an alleged product overhang of about $500 million. Gildan shares closed down about 18.8% that day.
Summarizes allegations in the complaint — they are not findings of any court.
We screen hundreds of stock drops every year and file only a handful. If we're investigating this one, it's because we believe in it.
Block & Leviton is run by the partners whose names are on the door — and our clients deal with them directly, whatever the size of the loss. That's the point of staying small.
A dismissed case turned into a $150 million record.* A recovery from a company that went bankrupt. We build cases to go the distance — not to settle cheap.
* Subject to court approval. Prior results do not guarantee a similar outcome.
Who we are — and why we're involved
Block & Leviton represents investors. We never represent the companies we investigate. When a company's own disclosures reveal that shareholders were misled, we investigate and bring claims to recover those losses.
Our clients are people like you: individual investors, retirees, and pension funds harmed when the truth comes out and a stock falls. There is no cost to you to participate, and attorneys' fees are paid only out of a recovery approved by the court.
Who you'll be dealing with
Jeffrey Block
Represents investors in securities class actions nationwide.
Your first call will usually be with David White, our investor liaison — and our partners are directly involved in every case.
A record courts have trusted
NextEra Energy — $150 million
The district court dismissed the case. We appealed — and won a unanimous reversal in the Eleventh Circuit Court of Appeals. The result: a $150 million settlement — the largest securities class action settlement in the Southern District of Florida in more than 30 years.*
Dismissed — then revived when we persuaded the court to reconsider its own judgment. Settled in 2026.
Recovered for investors even after Tricida itself went bankrupt.
Federal courts have appointed Block & Leviton lead counsel in securities class actions on behalf of investors nationwide. Our attorneys have recovered billions of dollars for investors, retirees, and pension funds.
* Subject to court approval. Prior results do not guarantee a similar outcome. Attorney advertising.
Common questions
Will this cost me anything?
No. There is no cost to submit your information, no cost to participate, and no out-of-pocket cost ever. If there's a recovery, attorneys' fees are paid from it and must be approved by the court.
I'm already part of the class automatically — so why submit my information?
It's true: if you bought GIL during the class period, you're a class member whether or not you contact anyone. Submitting your information lets us evaluate your specific losses, keep you informed as the case develops, and tell you whether you may benefit from a larger role in the case.
What is a lead plaintiff?
The lead plaintiff is an investor the court appoints to represent the class, typically someone with a significant loss. Lead plaintiffs oversee the litigation on behalf of everyone and are entitled to seek reimbursement for their time. The deadline to seek appointment in this case is December 14, 2026.
I sold my shares after the drop — am I still eligible?
Possibly, yes. What generally matters is that you purchased shares during the class period and were harmed by the decline. Whether you still hold shares today doesn't necessarily disqualify you — submit your details and we'll evaluate your situation.
Does submitting this form make you my lawyers?
No — and that's a protection for you. Submitting the form only lets us evaluate your potential claim, at no cost. If we determine we can help and you decide to move forward, we'll send you a written retainer agreement that spells out the relationship, the contingency fee, and your rights. You're never committed to anything until you've read and signed it.
What happens after I submit the form?
Our team reviews your submission — usually within one business day. David, our investor liaison, will reach out by phone or email, and our partners are directly involved in every case. You're never obligated to do anything.
Attorney advertising. Prior results do not guarantee a similar outcome. Block & Leviton LLP is responsible for the content of this page. Submitting information through this page does not create an attorney-client relationship.