On or around 01/22/2020 (Date of last review)
Filing Date: November 06, 2019
According to the Complaint, Under Armour purports to develop, market, and distribute branded performance apparel, footwear, and accessories for men, women, and youth.
The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) 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; (2) 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 (3) 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.
Company & Securities Information
Defendant: Under Armour, Inc.
Sector: Consumer Cyclical
Headquarters: United States
Ticker Symbol: UA
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Kirtan Patel, et al. v. Under Armour, Inc., et al.
COURT: D. Maryland
DOCKET #: 19-CV-03209
JUDGE: Hon. Richard D. Bennett
DATE FILED: 11/06/2019
CLASS PERIOD START: 08/03/2016
CLASS PERIOD END: 11/01/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Murphy, Falcon & Murphy, P.A.
The Rosen Law Firm, P.A. (NY)
First Identified Complaint (FIC) Filings:
Class Action Complaint
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available