On or around 05/12/2020 (Date of last review)
Filing Date: September 03, 2019
According to the Complaint, Canada Goose designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Canada Goose sourced the down and fur used in its clothing products in a way that treated animals in an unethical and inhumane manner; (ii) Canada Goose was thus non-compliant with relevant FTC regulations pertaining to false advertising with respect to its sourcing practices; (iii) accordingly, Canada Goose was the subject of an ongoing FTC investigation regarding false advertising; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
On December 5, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated amended Complaint on February 18, 2020.
Company & Securities Information
Defendant: Canada Goose Holdings Inc.
Sector: Consumer Cyclical
Ticker Symbol: GOOS
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Li Hong Cheng, et al. v. Canada Goose Holdings Inc., et al.