Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report Challenging Company's Business Practices And Potentially Improper Revenue Recognition -- HBSS
Gildan Activewear Inc. (GIL) shares plummeted 18% after Jehoshaphat Research published a forensic report alleging improper channel stuffing and revenue recognition practices. This report, based on interviews with former employees and customers, wiped out $2.15 billion from Gildan's market capitalization. Hagens Berman has launched …
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