June 21, 2024
Under Armour Inc. has agreed to shell out $434 million to put to rest claims it inflated stock prices by hiding declining demand for its products, investors announced Friday, reaching a deal just weeks before a jury trial was set to kick off in Maryland federal court.
April 17, 2024
The opposing parties in a suit related to Under Armour Inc.'s allegedly inflated stock prices can keep their expert witnesses, a Maryland federal judge ruled Tuesday, saying he was mostly unswayed by the arguments from both sides.
February 27, 2024
A Maryland federal judge denied Under Armour Inc.'s bid to shut down a massive class action alleging that the company misled investors about consumer demand Monday, finding that serious questions remain about the company's public statements.
September 30, 2022
A Maryland federal judge on Thursday certified a class of shareholders claiming that Under Armour Inc. misled investors as to consumer demand for its products, rejecting the sports apparel company's argument that the proposed class representatives weren't right for the dispute.
May 19, 2021
A federal judge in Maryland kept alive claims that sports apparel company Under Armour Inc. misrepresented demand for its products, citing the $9 million civil penalty the company recently paid in connection with similar allegations made by the U.S. Securities and Exchange Commission.
February 17, 2021
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.
January 07, 2020
A Scottish pension fund and premier securities class action firm Robbins Geller Rudman & Dowd LLP want another shot at Under Armour, claiming recent revelations of a federal probe into the athletic apparel company should revive previously dismissed claims that it misled investors.
August 19, 2019
Athletic apparel company Under Armour on Monday escaped a proposed securities class action accusing it of hiding a decrease in demand for its products, with a Maryland federal judge finding the company's investors failed to convincingly plead their case.
September 19, 2018
A Maryland federal judge on Wednesday dismissed all claims against Under Armour and its underwriters in a consolidated action alleging the sports apparel company deliberately misled investors to inflate its stock price, ruling that a pension fund's claims under the Securities Act were time-barred and that another fund failed to state claims under the Exchange Act.