An investor in NYSE:UAA shares filed a lawsuit against Under Armour Inc over alleged Securities Laws violations.
Investors who purchased shares of Under Armour Inc (NYSE:UAA) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Under Armour Inc (NYSE:UAA) common shares between April 21, 2016 and January 30, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 21, 2016 and January 30, 2017, Under Armour Inc and certain of its officers made false and misleading statements and failed to disclose that Under Armour’s revenue and profit margins would not be able to withstand the heavy promotions, high inventory levels and ripple effects of numerous department store closures and the bankruptcy of one of its large retailers.
The plaintiff claims that instead, Under Armour Inc promoted itself as a growth company that would continue to develop and market game-changing products and that Defendants’ allegedly false statements and/or omissions caused Under Armour Inc common stock to trade at artificially inflated prices between April 21, 2016 and January 30, 2017
On February 21, 2017, NYSE:UAA shares closed at $21.78 per share.
Those who purchased NYSE:UAA shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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