Under Armour shareholders can sue over sales disclosures -judge
By Syndicated Content By Jonathan Stempel (Reuters) â 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 shareholdersâ securities fraud claims were âplausible,â after taking into account Under Armourâs $9 million civil settlement on May 3 with the Securities and Exchange Commission. T...