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Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report Challenging Company’s Business Practices And Potentially Improper Revenue Recognition -- HBSS

  • Gildan Activewear (NYSE: GIL) shares fell over 18% on June 16, 2026, after Jehoshaphat Research released a report accusing the company of improper channel stuffing.
  • The negative news erased $2.15 billion from Gildan's market capitalization.
  • Hagens Berman has launched an investigation to determine if Jehoshaphat's allegations are accurate & if Gildan violated federal securities laws.
  • Jehoshaphat cited field evidence from former employees, customers, & distributors claiming Gildan compelled sales by offering extreme payment terms, rebates, or incentives to pull forward purchases at quarter-ends.
  • Reed Kathrein, a Hagens Berman partner, stated the investigation focuses on verifying the accuracy of Jehoshaphat's analysis regarding improper revenue recognition.
  • The firm is seeking investors who purchased shares on the NYSE & suffered substantial losses to submit their claims.
  • Hagens Berman is encouraging individuals with non-public information to contact the firm or consider the SEC Whistleblower program for potential rewards up to 30% of any SEC recovery.