Under Armour has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders by hiding declining demand and inflating stock prices. The lawsuit alleged CEO Kevin Plank and former CFO Chip Molloy misled investors.
How law firm Robbins Geller won $434 mln post-dismissal settlement with Under Armour https://t.co/jjL0vMkUbq https://t.co/NTRwIPtO5N
Over the weekend, Under Armour $UA agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in order to meet Wall Street forecasts. The proposed settlement, subject to court approval,…
🇺🇸 Under Armour to pay $434M to settle lawsuit that claimed Kevin Plank misled investors https://t.co/T4UNu1qB6g
Under Armour is moving to settle a class action lawsuit from 2017 that accused CEO Kevin Plank and former Chief Financial Officer Chip Molloy of misleading investors #underarmour https://t.co/jiTKJqK6mv
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. https://t.co/Yvnm9CW0OW
Under Armour said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in order to meet Wall Street forecasts. Subscribe to The Daily Docket: https://t.co/s1z0JFig0G https://t.co/wQfn1w4KsP
🇺🇸 Under Armour to pay $434 million to settle lawsuit over sales disclosures https://t.co/gmV3dYHJC3