Under Armour faces federal investigation over accounting practices [MSNBC.com]
Under Armour, Inc. Class C (UA)
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Source: MSNBC.com
Under Armour faces federal investigation over accounting practices Under Armour is the subject of federal investigations by the Justice Department and Securities and Exchange Commission over its accounting practices, the company confirmed Sunday. Under Armour began responding in July 2017 to requests for documents and information related to its accounting practices and related disclosures. Under Armour is cooperating with both investigations and believes its accounting practices and disclosures were appropriate, a company spokesperson said. The Justice Department is conducting a criminal investigation and is coordinating with civil investigators at the SEC, according to The Wall Street Journal, which first reported the story Let our news meet your inbox. The news and stories that matters, delivered weekday mornings. This site is protected by recaptcha Privacy Policy The SEC declined to comment. The Justice Department did not immediately respond to requests for comment. Under Armour h
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