Gildan Activewear

Settlement with Defendants in In re Gildan Activewear Inc. Securities Litigation

The parties have reached a settlement of these actions, pending in New York, New York, Québec, Canada and Ontario, Canada, which provides for the payment of $22,500,000 for the benefit of eligible class members.  Plaintiffs alleged that Defendants violated the federal securities laws and similar Canadian law by making false and misleading statements about earnings guidance for fiscal 2008 and its Dominican Republic manufacturing facility, which had the effect of artificially inflating the price of Gildan securities.  The proposed settlement has been preliminarily approved by the New York court and the Canadian courts.

The Ontario court has scheduled a final approval hearing for January 25, 2011, at 10:00 a.m., the Québec court has scheduled a final approval hearing for March 1, 2011, at 1:30 p.m., and the New York court has scheduled a final approval hearing for March 2, 2011, at 10:00 a.m.  You are required to submit a claim form by no later than March 10, 2011 in order to participate in the Settlement.

Documents:

• Settlement Agreement
• Notice, Claim Form and Summary Notice: English
• Notice and Summary Notice: French