Browning West Announces Dismissal Of All Lawsuits Brought by Gildan Activewear's Board
Portfolio Pulse from Benzinga Newsdesk
Browning West announced the dismissal of all lawsuits brought by Gildan Activewear's board. Both the Quebec Superior Court and the Financial Markets Administrative Tribunal found the lawsuits to be without merit. This dismissal is seen as a win for shareholder rights ahead of the May 28th annual meeting.
May 16, 2024 | 8:47 pm
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POSITIVE IMPACT
The dismissal of lawsuits against Gildan Activewear's board by Browning West is a positive development for the company, ensuring shareholder rights are protected ahead of the annual meeting.
The dismissal of the lawsuits removes legal uncertainties and potential distractions for Gildan Activewear, which is likely to be viewed positively by investors. This development also reinforces shareholder rights, which could boost investor confidence ahead of the annual meeting.
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