An investigation on behalf of current long term investors in Under Armour, Inc. (NYSE: UA) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE: UA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/27/2020 -- Certain directors of Under Armour, Inc. are under investigation on 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 current long term 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.
According to that complaint filed in the U.S. District Court for the District of Maryland 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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.