TORONTO--(BUSINESS WIRE)--Morganti & Co., P.C., a cross border shareholder’s rights law firm, informs investors that purchased Canada Goose Holdings, Inc. (NYSE and TSX: “GOOS”), that a shareholder class proceeding seeking to recover money resulting from the drop in share price on August 1, 2019, is going forward.
On June 17, 2019, the United States Federal Trade Commission made public a letter it had sent to GOOS, which stated that GOOS was under investigation for its advertising practices for possibly making false or misleading representations about the treatment of geese whose down is used in GOOS’ apparel. On August 1, 2019, the New York Post released an article entitled “Canada Goose pulls claims about its ‘ethical’ treatment of animals”. Upon the release of these public corrective statements, the price of GOOS’ common shares listed on the TSX dropped from $61.81 to $56.70 per share.
Investors that purchased GOOS’ securities between March 1, 2017 and July 31, 2019, may have an opportunity to recover their financial losses. Investors are encouraged to contact Morganti & Co. to register their interest and determine their financial losses, if any. Investors will not be charged for this service.
About Morganti & Co.
You may learn more about Morganti & Co. online at www.morgantico.com. Since June 1999, Mr. Morganti has represented investors and is licensed to provide legal opinions about the Ontario Securities Act and the U.S. federal securities laws.
You may contact Morganti & Co. by email at firstname.lastname@example.org for further information. This press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.