Preview - Please log in to view full article.

Article Date: May 2021
Word Count: 151

Under Armour’s Shareholder Suit Can Proceed


Following Under Dog’s $9 million settlement with the Securities and Exchange Commission earlier this month, Baltimore federal court Judge Richard Bennett ruled a long-running consolidated shareholder suit against the company can go forward. The suit, which names UA and former CEO Kevin Plank as defendants, alleges the company pulled forward orders in 2015 and 2016 to maintain a string of 26 consecutive 20% growth quarters. The SEC settlement’s findings were broadly in line with the ... 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.