Under Armour Agrees to Pay $434 Million to Settle Class Action Lawsuit [Yahoo! Finance]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: Yahoo! Finance
The case shined a bright — and ultimately costly light — on the practice of “pulling forward” sales from another quarter as well as Under Armour 's disclosures and accounting of sales in 2015 and 2016. More from WWD Under Armour to Outfit U.S. Flag Football Teams When Sport Makes Olympic Debut in 2028 The Best Under $100 Sunglasses for Summer 2024 Under Armour Outlines Painful Restructuring Plan Including Layoffs, Product Reduction and Fewer Promotions In 2021, Under Armour agreed to a $9 million civil settlement in a separate, but similar, case brought by the Securities and Exchange Commission. Under Armour has consistently denied the accusations brought by shareholders in the class action and said it entered into the agreement in principle “given the costs and risks inherent in litigation.” A judge still needs to approve the deal, under which Under Armour would also agree to keep the roles of chair and chief executive officer separate for three years. Additionally, th
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