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In re Under Armour Securities Litigation

  1. June 21, 2024

    Under Armour To Pay $434M To End Securities Fraud Claims

    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.

  2. April 17, 2024

    Judge Won't Toss Any Expert In Under Armour Securities Suit

    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.

  3. February 27, 2024

    Under Armour Can't Slip Consumer-Demand Securities Suit

    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.

  4. September 30, 2022

    Under Armour Investors Win Cert. In Consumer Demand Suit

    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.

  5. May 19, 2021

    Under Armour Investors' Claims Survive 3rd Dismissal Bid

    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.

  6. February 17, 2021

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

    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.

  7. January 07, 2020

    Robbins Geller Asks To Lead Under Armour Investor Suits

    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.

  8. August 19, 2019

    Under Armour Ditches Stock-Drop Suit

    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.

  9. September 19, 2018

    Under Armour Ducks Investors' Stock Price Manipulation Suit

    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.

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