An investigation for investors in Under Armour Inc (NYSE:UAA) shares over potential securities laws violations by Under Armour Inc was announced and NYSE:UAA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 02/07/2017 --Under Armour Inc is under investigation over potential securities laws violations. The investigation was announced on behalf of investors in NYSE:UAA shares in connection certain financial statements made by Under Armour Inc.

Investors who purchased shares of Under Armour Inc (NYSE:UAA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 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: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.

On January 31, 2017, Under Armour Inc reported its fourth quarter and fully year results and announced its outlook for 2017. Under Armour Inc reported that its annual Total Revenue rose from over $3.96 billion in 2015 to over $4.82 billion in 2016 and that its Net Income increased from $232.57 million in 2015 to $258.66 million in 2016. Among other things, Under Armour Inc announced that its Chief Financial Officer, Chip Molloy, has decided to leave the company due to personal reasons.

Shares of Under Armour Inc (NYSE:UAA) declined from over $80 per share in early 2016 to as low as $20.44 per share on February 3, 2017

On February 6, 2017, NYSE:UAA shares closed at $20.60 per share.

Those who purchased shares of Under Armour Inc 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