Under Armour Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Under Armour Inc |
Stock Symbol : | NYSE:UAA |
Class Period Start: | 04/21/2016 |
Class Period End: | 01/30/2017 |
Lead Plaintiff motion: | 04/10/2017 |
Date Filed: | 02/10/2017 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the District of Maryland |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the April 10, 2017 lead plaintiff deadline in a class action lawsuit filed against Under Armour Inc (NYSE:UAA) (“Under Armour” or “the Company”). The suit is pending in the U.S. District Court for the District of Maryland and investors, who purchased Under Armour Inc securities between April 21, 2016 and January 30, 2017, have until April 10, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Under Armour Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Under Armour's revenue and profit margins would not be able to withstand the heavy promotions, high inventory levels, and ripple effects of numerous department store closures and the bankruptcy of one of its large retailers; Under Armour instead continued to promote itself as a growth company that would continue to develop and market game-changing products. On January 31, 2017, the Company revealed its lower-than-anticipated fourth-quarter revenues and announced the unexpected resignation of Chief Financial Officer (“CFO”) Chip Molloy. On this news, NYSE:UAA dropped, damaging investors. If you were negatively impacted by your investment in Under Armour Inc securities between April 21, 2016 and January 30, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185
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