An investigation for investors in Under Armour Inc (NYSE: UA, NYSE: UAA) shares over potential securities laws violations by Under Armour Inc was announced.
San Diego, CA -- (SBWIRE) -- 04/09/2018 -- An investigation was announced concerning possible violations of securities lawsby Under Armour Inc and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Under Armour Inc (NYSE: UA, NYSE: UAA), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Under Armour Inc (NYSE: UA, NYSE: UAA) concerning whether a series of statements by Under Armour Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Baltimore, MD based Under Armour Inc reported htat its annual Total Revenue rose from over $4.85 billion in 2016 to over $4.97 billion in 2017 and that its Net Income of $256.97 million in 2016 declined to a Net Loss of $48.26 million in 2017.
On March 29, 2018, Under Armour Inc announced that personal data of approximately 150 million users of the company's MyFitnessPal nutrition-tracking application and website had been compromised by a data security breach. Hackers gained access to user names, email addresses and passwords.
Those who purchased shares of Under Armour Inc (NYSE: UA, NYSE: UAA) have certain options and should contact the Shareholders Foundation.
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