Levi & Korsinsky notifies investors that it has commenced an investigation into Gildan Activewear Inc. (NYSE: GIL) concerning potential violations of the federal securities laws.
On December 11, 2023, Gildan issued a press release announcing that "Glenn J. Chamandy has left his position as President and Chief Executive Officer and director of the Company. Vince Tyra has been appointed President and CEO effective February 12, 2024." Chamandy issued a separate statement on the same day to the effect that he had learned only the previous day that the Company's Board of Directors "was terminating [his] employment agreement without cause." Following news of Chamandy's departure, Gildan's stock price fell 10.79%, to close at $32.58 per share on December 11, 2023.
If you suffered a loss on your Gildan Activewear securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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