A securities fraud class action has been filed against Under Armour, Inc. (UA), alleging that the company and senior executives misled investors by engaging in fraudulent accounting practices. The Wall Street Journal reported on November 3 that the U.S. Department of Justice and U.S. Securities and Exchange Commission are investigating Under Armour’s accounting. The stock price fell on the news.
If you or anyone you know may have purchased Under Armour stock between Aug. 3, 2016 and Nov. 1, and suffered significant losses, please contact Finkelstein Thompson LLP, for more information and to discuss your rights. You can reach us at firstname.lastname@example.org or call us toll-free at 1-844-280-5009.