Shareholder Alert: Robbins Arroyo LLP Announces Canada Goose Holdings Inc. (GOOS) Sued for Misleading Shareholders

SAN DIEGO & ONTARIO, Canada--()--Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of Canada Goose Holdings Inc. (NYSE: GOOS) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between March 16, 2017 and August 1, 2019. Canada Goose designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies.

If you suffered a loss as a result of Canada Goose's misconduct, click here.

Canada Goose Holdings Inc. (GOOS) Accused of Misleading Shareholders

According to the complaint, on November 2, 2017, the non-profit organization People for the Ethical Treatment of Animals ("PETA") issued a press release alleging that Canada Goose suppliers used unethical measures to obtain the down and fur used in creating its clothing merchandise and proceeded to file a complaint with the Federal Trade Commission ("FTC"). Following PETA's statement, Canada Goose continued to represent that its materials were obtained in an ethical and humane manner. Then, on June 17, 2019, the FTC issued a closing letter stating that it had completed its investigating into Canada Goose's advertising practices. The FTC concluded that it was unable to find anything that warranted enforcement action because the company had "remov[ed] the advertising claims at issue," but noted that it was not making a determination that "a violation of law did not occur." Finally, on August 1, 2019, the New York Post published an article reporting that Canada Goose had abandoned its claims of ethical treatment of its animals on its website. Since this news, Canada Goose's stock price has fallen $7.62, or 16%, and currently trades at $39.17.

Canada Goose Holdings Inc. (GOOS) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
lkandinov@robbinsarroyo.com
Shareholder Information Form

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

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Contacts

Leo Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
lkandinov@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

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Contacts

Leo Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
lkandinov@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com