Under Armour Investors Can't Get Docs Yet In Stock-Drop Suit

Law360 (February 17, 2021, 7:53 PM EST) -- A Maryland federal judge Wednesday told investors accusing Under Armour of puffing up its sales and financial health that discovery cannot kick off before an upcoming court ruling on whether to toss the case.

U.S. District Judge Richard D. Bennett said in a remote hearing that it was not clear shareholders would be "unduly prejudiced" by further delay in getting a trove of documents from Under Armour related to what it knew about demand for its apparel from mid-2015 to late 2016, when investors were allegedly misled and the stock tanked.

Under Armour wants the case thrown out, in what would...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!