Preview - Please log in to view full article.

Article Date: October 2020
Word Count: 306

Amended Under Armour Complaint Details New Allegations of Fraud


While the main argument of plaintiffs that Under Dog inflated quarterly sales from 2015 to with shady accounting practices remains intact, the third amended complaint in one of several shareholders suits turns up the volume on the practices. A MD federal court had dismissed an earlier suit by the plaintiffs but the Appeals court reinstated the case in light of reports in the Wall Street Journal last Nov. detailing sales practices like pulling sales forward before the end of the quarter to keep the consecutive quarters of 20+% growth intact. A later report revealed that Dog was the target of ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.