Morganti & Co. Reminds Investors That Canada Goose Holdings, INC. Is the Target of Shareholder Litigation Over Alleged Unethi...
September 27 2019 - 1:00PM
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
info@morgantilegal.com for further information. This press release
may be considered attorney advertising in some jurisdictions under
the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190927005417/en/
Morganti & Co. Toronto + Detroit info@morgantilegal.com
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