- Canada Goose (TSX:GOOS; NYSE:GOOS) is currently under investigation around possible violations of U.S. federal securities laws
- On March 26, Canada Goose issued a news release announcing the “reduction of approximately 17 per cent of corporate roles” as part of a transformation program, including, among other things, the departure of the company’s chief operating officer
- On this news, Canada Goose’s NYSE stock price fell $0.81 per share, or 6.79 per cent, to close at US$11.12 per share that day
- Canada Goose last traded at C$15.63 per share
Canada Goose (TSX:GOOS; NYSE:GOOS) is currently under investigation by a law firm on behalf of the company’s investors regarding possible violations of U.S. federal securities laws.
Legal firm Levi & Korsinsky explained that, on March 26, Canada Goose issued a news release announcing the “reduction of approximately 17 per cent of corporate roles” as part of a transformation program, including, among other things, the departure of the company’s chief operating officer.
At the time, the company stated that it was anticipated that the move would yield immediate cost savings, simplify organizational structure, accelerate decision making and increase efficiencies across its operating platform.
On this news, Canada Goose’s NYSE stock price fell $0.81 per share, or 6.79 per cent, to close at US$11.12 per share that day.
The legal team is joining Pomerantz law firm, who is also investigating the clothing company on this case and is urging investors who sustained recent losses to contact them.
New York-based Levi & Korsinsky has more than 20 years’ experience as a nationally recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases.
Canada Goose Holdings Inc. is a lifestyle brand and a manufacturer of performance luxury apparel. The company designs, manufactures, and sells performance luxury apparel for men, women, youth, children and babies.
Canada Goose Holdings (TSX:GOOS) last traded at C$15.63 per share. Canada Goose stock is up 2.29 percent over the past month, but 43.78 per cent lower than it was this time last year.
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