financetom
Business
financetom
/
Business
/
Gildan Activewear Faces Lawsuit From Activist Investor Seeking to Ensure No Delay to May 28 Shareholders' Meeting
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gildan Activewear Faces Lawsuit From Activist Investor Seeking to Ensure No Delay to May 28 Shareholders' Meeting
Mar 11, 2024 3:22 PM

05:55 PM EDT, 03/11/2024 (MT Newswires) -- Gildan Activewear ( GIL ) shareholder Browning West said Monday it filed a lawsuit with the Quebec Superior Court against Gildan and its board to ensure that the company's annual meeting will be held as scheduled on May 28.

Browning West, which said it owns 5% of Gildan's outstanding shares, accused the board of taking "oppressive actions" against the shareholders allegedly for "self-preservation."

Browning West also asked the court to compel Gildan to hold the meeting "without employing any delay tactics or gamesmanship" and to ensure that the votes of all shareholders will be counted.

Gildan did not immediately reply to MT Newswires' request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
No option 'off the table' as UK mulls social media ban for children
No option 'off the table' as UK mulls social media ban for children
Mar 11, 2026
* PM says 'no option is off the table' * Government also consulting on better age checks * Ministers will visit Australia, government says (Adds PM Starmer's remarks in paragraphs 1-2 and 6-10) By Muvija M and Sam Tabahriti LONDON, Jan 20 (Reuters) - Britain will consider tightening rules on children's use of social media with no option off the...
Coherent Rolls Out Bondable Diamond Offering for Thermal Management
Coherent Rolls Out Bondable Diamond Offering for Thermal Management
Mar 11, 2026
04:34 AM EST, 01/20/2026 (MT Newswires) -- Coherent (COHR) said Monday it launched a diamond technology with a specialized surface finish that allows direct bonding to semiconductor die for electronic and opto-electronic applications. Bondable diamond significantly improves device cooling performance by removing or reducing thermal interface resistance, the company said. Coherent said direct bonding enabled by its bondable diamond lowers...
Walmart-backed PhonePe gets SEBI approval for India IPO, sources say
Walmart-backed PhonePe gets SEBI approval for India IPO, sources say
Mar 11, 2026
Jan 20 - Walmart ( WMT )-backed Indian payments firm PhonePe has received regulatory approval for its stock market listing from the market regulator after confidentially filing for an initial public ‌offering in September, two sources familiar with the matter told Reuters ​on Tuesday. Walmart ( WMT ), Microsoft and Tiger Global are expected to ‍offload part of their shareholding...
IBM, e& Form Enterprise-Grade Agentic AI Collaboration
IBM, e& Form Enterprise-Grade Agentic AI Collaboration
Mar 11, 2026
04:43 AM EST, 01/20/2026 (MT Newswires) -- IBM ( IBM ) is collaborating with e& to help roll out enterprise-grade agentic artificial intelligence foundation at e&, beginning with policy, risk, and compliance, the companies said Monday. The move is aimed at helping e& move beyond traditional natural language processing-based chatbots. The companies have introduced an agentic AI offering built on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved