Under Armour to pay $434-M settlement

By Reuters

Jun 23, 2024 12:11 am

UNDER Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in order to meet Wall Street forecasts.

The proposed settlement, subject to court approval, averts a scheduled July 15 trial in Baltimore federal court.

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