The stock decline wiped $11.63 off the share price, leaving Gildan trading at $50.34. Investors are now being urged to contact Danielle Peyton at Pomerantz LLP as the firm examines whether company officers or directors engaged in unlawful business practices to mislead shareholders regarding actual sales performance.

Pomerantz LLP, a firm specializing in securities class action litigation, is currently soliciting information from affected investors. The investigation centers on the specific claims made by Jehoshaphat Research, which accused the apparel manufacturer of using accounting maneuvers to obscure a long-term decline in core business operations.