Under Armour has agreed to pay $434 million to settle a shareholder class action lawsuit that dates back to 2017. The lawsuit accused the Baltimore-based sports apparel maker and its CEO, Kevin Plank, of intentionally misleading shareholders about the company's financial health. This settlement aims to resolve claims over past financials and marks a significant step for Under Armour as it continues to focus on innovation to turn around its brand.
Under Armour will pay $434 million to settle 7-year-old shareholder lawsuit https://t.co/yHVpbaSgAc
Under Armour to pay $434 million to settle 2017 lawsuit https://t.co/S7zPqVt3bW https://t.co/sEnZXdmoMx
Under Armour said it would settle a 2017 shareholder class action lawsuit that accused the apparel maker and CEO Kevin Plank of intentionally misleading them about the company's financial health https://t.co/B5RdlBJ0jf https://t.co/fZKH01tAWV
Under Armour to Pay $434 Million Settle Shareholder Claims Over Past Financials https://t.co/Bcw6G1IZaO
Baltimore-based Under Armour bets on innovation to turn around sports apparel brand https://t.co/Gfb1gBjQaO