LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Under Armour, Inc. (“Under Armour” or the “Company”) (NYSE: UA, UAA). Investors who purchased or otherwise acquired shares between July 24, 2014 and January 30, 2017 inclusive (the “Class Period”) are encouraged to contact the firm in advance of the April 10, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The complaint alleges that during the Class Period, Under Armour and certain of its officers and directors made materially false and misleading statements and/or failed to disclose that one of its largest wholesale retailers, The Sports Authority, was facing bankruptcy and as a result, Under Armour was at risk of not meeting its revenue and profit margins. On January 30, 2017, the Company filed a Form 8-K wherein CEO Kevin Plank, noted that “numerous challenges and disruptions in North American retail tempered our [Company’s] fourth quarter results.” The Company also reported that its CFO was leaving the Company. When this news was released to the public, shares of Under Armour fell in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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