Under Armour Execs Defeat Investors' Real Estate Deal Suit
Law360 (March 30, 2020, 4:51 PM EDT) -- Under Armour Inc.'s founder and onetime CEO Kevin Plank and several board members escaped a shareholder suit accusing Plank of using his real estate firm to bilk the sports apparel company out of millions, after a Maryland federal court found the board's decision not to pursue those claims was reasonable.
In a 22-page opinion filed Monday, U.S. District Judge George L. Russell said shareholders Patricia Mioduszewski and Scott King had failed to show that an investigation into their claims conducted by the board's so-called review group, and the group's subsequent decision not to pursue a suit against Plank, was anything other than...
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!