openPR Logo
Press release

Lawsuit filed for Investors in shares of Canada Goose Holdings Inc. (NYSE: GOOS)

09-09-2019 06:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Canada Goose Holdings Inc. (NYSE: GOOS) shares.

A lawsuit was filed on behalf of investors in Canada Goose Holdings Inc. (NYSE: GOOS) shares.

An investor, who purchased shares of Canada Goose Holdings Inc. (NYSE: GOOS), filed a lawsuit over alleged violations of Federal Securities Laws by Canada Goose Holdings Inc..

Investors who purchased shares of Canada Goose Holdings Inc. (NYSE: GOOS) have certain options and for certain investors are short and strict deadlines running. Deadline: November 4, 2019. NYSE: GOOS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Toronto, Canada based Canada Goose Holdings Inc. designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies.

On November 2, 2017, the non-profit organization People for the Ethical Treatment of Animals (“PETA”) issued an announcement alleging that Canada Goose Holdings Inc suppliers used unethical measures to obtain the down and fur used in creating the Company’s clothing merchandise (). The PETA announcement also stated that PETA had issued a complaint to the FTC regarding these practices because the Company represented in communications and promotional materials that its clothing was produced with down and fur from sources that treated the animals used in sourcing those materials ethically and humanely.

Shares of Canada Goose Holdings Inc. (NYSE: GOOS) declined $0.70 per share to close at $20.72 per share on November 2, 2017.

Then, on June 17, 2019, the United States Federal Trade Commission (“FTC”) issued a closing letter to Canada Goose Holdings Inc’s legal counsel. The FTC Closing Letter stated that the FTC had investigated Canada Goose’s advertising practices for possible violations of the Federal Trade Commission Act (“FTC Act”), citing “concern[s] that Canada Goose may have made false or misleading representations about the treatment of geese whose down is used in Canada Goose’s apparel.” The FTC further stated that it had not recommended enforcement action against Canada Goose because the Company had “remov[ed] the advertising claims at issue from the marketplace and clarify[ied] its business practices in marketing materials.” However, the FTC expressly stated that “[t]his action is not to be construed as a determination that a violation of law did not occur” and “reserve[d] the right to take further action as the public interest may warrant.” (Emphasis added.)

Shares of Canada Goose Holdings Inc. (NYSE: GOOS) declined $0.50 per share, or 1.36%, to close at $36.17 per share on June 17, 2019.

The plaintiff claims that between March 16, 2017 and August 1, 2019, the Defendants made false and/or misleading statements and/or failed to disclose that Canada Goose Holdings Inc sourced the down and fur used in its clothing products in a way that treated animals in an unethical and inhumane manner, that Canada Goose Holdings Inc was thus non-compliant with relevant FTC regulations pertaining to false advertising with respect to its sourcing practices, that accordingly, Canada Goose Holdings Inc was the subject of an ongoing FTC investigation regarding false advertising, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Canada Goose Holdings Inc. (NYSE: GOOS) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors in shares of Canada Goose Holdings Inc. (NYSE: GOOS) here

News-ID: 1831178 • Views:

More Releases from Shareholders Foundation

Investigation announced for Investors in shares of Lifecore Biomedical, Inc. (NASDAQ: LFCR) over possible Violations of Securities Laws
Investigation announced for Investors in shares of Lifecore Biomedical, Inc. (NA …
An investigation was announced for investors of Lifecore Biomedical, Inc. (NASDAQ: LFCR) shares over potential securities laws violations by Lifecore Biomedical, Inc. Investors who purchased shares of Lifecore Biomedical, Inc. (NASDAQ: LFCR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on whether a series of statements by Lifecore Biomedical, Inc. regarding its business, its prospects and
Investigation announced for Investors in shares of Designer Brands Inc. (NYSE: DBI) over potential Wrongdoing by certain directors
Investigation announced for Investors in shares of Designer Brands Inc. (NYSE: D …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Designer Brands Inc. Investors who purchased shares of Designer Brands Inc. (NYSE: DBI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain Designer Brands Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders. Columbus,
Lawsuit Alert: Investors who lost money with shares of Innoviz Technologies Ltd. (NASDAQ: INVZ) should contact the Shareholders Foundation
Lawsuit Alert: Investors who lost money with shares of Innoviz Technologies Ltd. …
An investor, who purchased shares of Innoviz Technologies Ltd. (NASDAQ: INVZ), filed a lawsuit over alleged violations of Federal Securities Laws by Innoviz Technologies Ltd. in connection with certain allegedly false and misleading statements. Investors who purchased shares of Innoviz Technologies Ltd. (NASDAQ: INVZ) have certain options and for certain investors are short and strict deadlines running. Deadline: May 14, 2024. NASDAQ: INVZ investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com
Lawsuit filed for Investors who lost money with shares of iRobot Corporation (NASDAQ: IRBT)
Lawsuit filed for Investors who lost money with shares of iRobot Corporation (NA …
An investor, who purchased shares of iRobot Corporation (NASDAQ: IRBT), filed a lawsuit over alleged violations of Federal Securities Laws by iRobot Corporation in connection with certain allegedly false and misleading statements. Investors who purchased shares of iRobot Corporation (NASDAQ: IRBT) have certain options and for certain investors are short and strict deadlines running. Deadline: May 7, 2024. NASDAQ: IRBT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858)

All 5 Releases


More Releases for Canada

Canada Financial Guarantee Market Key Players: Scotiabank, Toronto Dominion, Ban …
Canada Financial Guarantee Market The Canada financial guarantee market was valued at $1.32 billion in 2020, and is projected to reach $2.19 billion by 2028, growing at a CAGR of 7.3% from 2021 to 2028. With an unprecedented COVID-19 pandemic situation, the country has experienced uncertainty & protectionism in trade sector. Moreover, to curb the spread of virus, several provincial governments has imposed lockdown, which has financially affected businesses and therefore,
ReIgnite Canada - Where to Buy Legit ReIgnite Supplements in Canada?
ReIgnite Canada - ReIgnite supplement is an inventive weight loss pill that addresses the underlying driver of weight gain. Every human cell comprises energy converter organelles called mitochondria. The essential capacity of these organelles is to change over glucose into ATP. The mitochondria make sure your body can burn fat, and assures that your body stays fit as a fiddle. ReIgnite weight loss capsules improve mitochondrial work and enhance weight
MetaboFix Canada - Où acheter des suppléments MetaboFix légitimes au Canada?
Supplément métabolique MetaboFix Canada - MetaboFix est un puissant supplément de superaliments qui réduit les fringales et vous aide à perdre une quantité importante de poids au Canada. Cette formule prétend avoir transformé la façon dont les gens pensent à la perte de poids. C'est un mélange bien équilibré de nutriments stimulant le métabolisme qui cible l'un des aspects les plus difficiles de la perte de poids : les fringales
06-07-2021 | Health & Medicine
Niccori
Glucofort Canada-Why Canada Media Buzzing About Glucofort
Glucofort Canada-Why Canada Media Buzzing About Glucofort: In general, Glucofort is a blood sugar supportive formula that uses ingredients that are rich in anti-hyperglycemic and antioxidant properties. This is done so that foreign invaders such as ceramide are removed from the body and the blood sugar levels are corrected. Although many of these ingredients are scientifically supported, it appears that many of them are selected based on traditional practices. In
Canada Agriculture Market | Canada Agriculture Industry | Canada Agriculture Mar …
Canada Agriculture is one in all the most important agricultural producers and exporters within the world. Like Alternative developed nations, the proportion of the population and GDP dedicated to agriculture fell dramatically over the 20th century however it remains an crucial part of the Canadian economy. A big differ of agriculture is practiced in Canada, from extensive wheat fields of the grasslands to summer production of the Okanagan valley. Major
Canada Consultants
Canada is one of the most popular immigration destinations worldwide with 250,000 new immigrants arriving every year. It has been ranked no. 1 country based on various international measures. Free medical facility and healthcare, compulsory primary and secondary education, massive employment opportunities, safe and secure environment, high wages and natural landscapes make it one of the most favorable countries for immigration aspirants. There are various ways and programs to migrate