A lawsuit was filed on behalf of investors in Under Armour, Inc. (NYSE: UA) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 11/19/2019 -- An investor, who purchased NYSE: UA shares, filed a lawsuit over alleged violations of Federal Securities Laws by Under Armour, Inc.
Investors who purchased shares of Under Armour, Inc. (NYSE: UA) have certain options and for certain investors are short and strict deadlines running. Deadline: January 6, 2020. NYSE: UA investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff claims that between August 3, 2016 and November 1, 2019, 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.
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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.