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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Under Armour Inc (NYSE: UA, UAA) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Under Armour Inc (NYSE: UA, 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 November 3, 2019, a report by the Wall Street Journal stated that the SEC and the DOJ have opened investigations into the Company’s accounting practices and related items. The investigations are examining whether Under Armour shifted sales between quarters to make the Company appear healthier financially than it was.
Following this news, Under Armour’s stock price fell during pre-market trading on November 4, 2019.
Based in Baltimore, Maryland, and founded in 1996 Under Armour Inc develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth.
If you purchased shares of Under Armour Inc (NYSE: UA, UAA) on or before November 3, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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