Canada Goose Holdings Inc. (TSX & NYSE: GOOS)
Ontario Superior Court of Justice, Court File No.: CV-19- 00CP
This securities class action relates to the Defendant releasing core documents which contained untrue statements of material fact regarding how Canada Goose Holdings Inc. (“GOOS”) sourced its down and fur for its products.
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.
The shares purchased during the Class Period will be included within the putative Class Action.
Claim or Motion for Authorization issued: September 3, 2019, limited to NYSE-listed shares
Class Period: March 1, 2017, to and including July 31, 2019
Motion Record in Support for Statutory Claim Filed:
Shareholders’ Canadian Counsel:
Corporate Defendants’ Canadian Counsel:
Corporate Defendants’ U.S. Counsel: