openPR Logo
Press release

Lawsuit filed for Investors in shares of Under Armour, Inc. (NYSE: UA)

11-14-2019 08:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Under Armour, Inc. (NYSE: UA) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in Under Armour, Inc. (NYSE: UA) shares over alleged securities laws violations.

An investor, who purchased shares of Under Armour, Inc. (NYSE: UA), filed a lawsuit over alleged violations of Federal Securities Laws by Under Armour, Inc.

Investors who purchased shares of Under Armour, Inc. (NYSE: UA) have certain options and for certain investors are short and strict deadlines running. Deadline: January 6, 2020. NYSE: UA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Baltimore, MD based Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America.

On November 3, 2019, an article was published reporting that the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) were investigating Under Armour regarding whether the Company “shifted sales from quarter to quarter to appear healthier.”
Shares of Under Armour, Inc. (NYSE: UA) declined from $24.55 per share in July 2019 to as low as $15.36 per share.

According to the complaint the plaintiff alleges on behalf of purchasers of Under Armour, Inc. (NYSE: UA) common shares between August 3, 2016 and November 1, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 3, 2016 and November 1, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Under Armour shifted sales from quarter to quarter to appear healthier, including to keep pace with their long-running year-over-year 20% net revenue growth, that the Company had been under investigation by and cooperating with the U.S. Department of Justice and U.S. Securities and Exchange Commission since at least July 2017, and that as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Under Armour, Inc. (NYSE: UA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors in shares of Under Armour, Inc. (NYSE: UA) here

News-ID: 1867655 • Views: 853

More Releases from Shareholders Foundation

Lawsuit filed for Investors in Energy Transfer LP (NYSE: ET) over alleged Mislea …
An investor in Energy Transfer LP (NYSE: ET) filed a lawsuit over alleged violations of Federal Securities Laws by Energy Transfer LP in connection with certain allegedly false and misleading statements. Investors who purchased units of Energy Transfer LP (NYSE: ET) have certain options and for certain investors are short and strict deadlines running. Deadline: January 20, 2020. NYSE: ET investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858)
Investigation announced for Investors in shares of CBL & Associates Properties, …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at CBL & Associates Properties, Inc. Investors who purchased shares of CBL & Associates Properties, Inc (NYSE: CBL) and currently hold any of those NYSE: CBL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain CBL & Associates Properties
Lawsuit filed for Investors in shares of Aurora Cannabis Inc. (NYSE: ACB)
The Shareholders Foundation announced that an investor, who purchased shares of Aurora Cannabis Inc. (NYSE: ACB), filed a lawsuit over alleged violations of Federal Securities Laws by Aurora Cannabis Inc. Investors who purchased shares of Aurora Cannabis Inc. (NYSE: ACB), have certain options and for certain investors are short and strict deadlines running. Deadline: January 21, 2020. NYSE: ACB investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779
Investigation announced for Long-Term Investors in shares of Verb Technology Com …
An investigation on behalf of current long-term investors in shares of Verb Technology Company, Inc. (NASDAQ: VERB) concerning potential breaches of fiduciary duties by certain directors and officers of Verb Technology Company, Inc. was announced. Investors who are current long term investors in Verb Technology Company, Inc. (NASDAQ: VERB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a

All 5 Releases


More Releases for Armour

Global Advanced Protective Armour Market Data Survey Report 2025
The Global Advanced Protective Armour Market to 2023 offers definite inclusion of guanidine Advanced Protective Armour industry and presents fundamental market patterns. The statistical surveying gives chronicled and estimate advertise size, request and generation figures, end-use request subtleties, value patterns, and friend’s offers of the main Global Advanced Protective Armour Market makers to give thorough inclusion of the guanidine carbonate. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=7399 Table of Contents 1 Advanced Protective Armour
Sports Clothing Market Is Thriving Worldwide | NIKE, Adidas, Under Armour
HTF MI recently introduced Global Sports Clothing Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are NIKE, Adidas, Under Armour, Columbia, PUMA, V.F.Corporation, Anta, Amer Sports, LULULEMON
Leggings Market Is Booming Worldwide | Nike, Adidas, Under Armour
HTF MI recently introduced Global Leggings Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are HUE, Nike, Adidas, Under Armour, AEO, C&A, Macy's, Calvin Klein, Nordstrom, Yelete,
United States Advanced Protective Gear and Armour Market Report 2017
Summary This report studies sales (consumption) of Advanced Protective Gear and Armour in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering 3M Kimberly-Clark Royal TenCate Teijin Aramid BAE Systems Armor Source Ballistic Body Armor Blucher GMBH Donaldson Espin Technologies Honeywell Safety Innotex Ceradyne Alliant Techsystems (ATK) Ansell E.I.Du Pont De Nemours and Company Mine Safety Appliances Company (MSA) Polymer Group (PGI) Tex-Shield Rheinmentall AG Point Blank Enterprises Morgan Advanced Materials PLC Eagle Industries Survitec Group M Cubed Technologies Get Sample Report @ http://www.reportbazzar.com/request-sample/?pid=846160&ptitle=United+States+Advanced+Protective+Gear+and+Armour+Market+Report+2017&req=Sample Market Segment by States,
Global Sportswear Market 2017-Nike,Adidas, UNDER ARMOUR
Global Sportswear Market 2017 Research Report offers a complete and in-depth analysis of the growth rate of the Sportswear industry. In the first section, Sportswear Market report presents the overview of Sportswear industry which includes definitions, classifications, applications and Sportswear industry chain structure. Global Sportswear Market further includes Sportswear development history, competitive analysis of Sportswear industry. Top leading Manufacturers Analysis of Sportswear :- 1 Nike 2 Adidas 3 UNDER ARMOUR 4 Puma 5 Columbia 6 ASICS 7 Patagonia 8 Marmot 9
07-07-2016 | Sports
QY Market Research
Global Sportswear Market 2016 - Under Armour, Mizuno, NIKE, Adidas, LOTTO
A market study based on the " Sportswear market" across the globe, recently added to the repository of QY Market research, is titled ‘Global Sportswear Market 2016’. The research report analyzes the historical as well as present performance of the global Sportswear market, and makes predictions on the future status of Sportswear market on the basis of this analysis. The report studies the market for Sportswear across the globe taking the