GIL

Gilimex (GIL) confirms a US federal court dismissed its $280 million lawsuit against Amazon. The textile firm plans to appeal, while its core business has contracted sharply, posting only VND 36 billion in net profit for 2025.

Gilimex (GIL) suffered a permanent dismissal of its USD 840 million lawsuit against Amazon in US federal court, with the court finding over 90 submitted documents were forged. The company must now reimburse Amazon's legal fees, while its profit has fallen to one-tenth and its stock has lost 80% from pre-lawsuit levels.

GIL shares dropped 6.58% to VND 10,650 after a New York court dismissed its lawsuit against Amazon with prejudice, ruling that Gilimex fabricated evidence. The company had sought $280 million in damages but now faces potential reimbursement of Amazon's legal costs, compounding its reliance on a single customer.

Gilimex (GIL) confirms a US federal court dismissed its $280 million lawsuit against Amazon over contract violations and order cuts. The company says it will pursue further legal remedies. The loss deepens the company's business decline, with revenue falling from VND 3,166 billion in 2022 to VND 713 billion in 2025 and the stock losing nearly half its value.

Gilimex (GIL) lost its USD 280 million lawsuit against Amazon in a New York court, with the case dismissed with prejudice. The stock fell 6.7% on July 10. The ruling ends a long-running dispute that had already severely impacted Gilimex's revenue and profitability since 2022.