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Under Armour shareholders can sue over sales disclosures -judge - Netscape Money & Business

Under Armour shareholders can sue over sales disclosures -judge By Jonathan Stempel Reuters (Reuters) - Under Armour Inc shareholders may pursue a lawsuit accusing the sports apparel company of concealing how it pulled sales forward from future quarters to meet Wall Street revenue forecasts, the subject of a recent regulatory settlement, a federal judge ruled on Tuesday. U.S. District Judge Richard Bennett in Baltimore said the shareholders securities fraud claims were "plausible," after ta...
New York United States Richard Bennett Jonathan Stempel Jon Talotta James Wareham

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Under Armour shareholders can sue over sales disclosures -judge

By Syndicated Content By Jonathan Stempel (Reuters) – Under Armour Inc shareholders may pursue a lawsuit accusing the sports apparel company of concealing how it pulled sales forward from future quarters to meet Wall Street revenue forecasts, the subject of a recent regulatory settlement, a federal judge ruled on Tuesday. U.S. District Judge Richard Bennett in Baltimore said the shareholders’ securities fraud claims were “plausible,” after taking into account Und...
New York United States Richard Bennett Jonathan Stempel Jon Talotta James Wareham
Source: wsau.com

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