Under Armour, Inc.
Class Period: Apr 21, 2016 to Jan 30, 2017
Lead Plaintiff Deadline: Apr 11, 2017
Summary of Case:
A securities class action has been filed against Under Armour, Inc. ("Under Armour") on behalf of Plaintiff and other similarly situated individuals or businesses who purchased common stock, both Class A and Class C, ("Common Stock") of Under Armour between April 21, 2016 and January 30, 2017. This case has been filed in the USDC - Maryland.
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made false and misleading statements and failed to disclose that Under Armour's revenue and profit margins would not be able to withstanding the heavy promotions, high inventory levels and ripple effects of numerous department store closures and bankruptcy of The Sports Authority, but nevertheless purported itself as a growth company that would continue to develop and market game-changing products.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.