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Investigation announced for Long Term Investors in shares of Under Armour, Inc. (NYSE: UA)

03-17-2020 03:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Under Armour, Inc. (NYSE: UA) shares.

An investigation on behalf of current long term investors in Under Armour, Inc. (NYSE: UA) shares.

Certain directors of Under Armour are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Under Armour, Inc. (NYSE: UA) 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 for investors in Under Armour, Inc. (NYSE: UA stocks follows a lawsuit filed against Under Armour, Inc. (NYSE: UA over alleged securities laws violations. The investigation on behalf of current long term investors in Under Armour, Inc. (NYSE: UA stocks, concerns whether certain Under Armour, Inc. (NYSE: UA officers and directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that 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.

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