NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Under Armour, Inc. (NYSE: UA, UAA), resulting from allegations that Under Armour may have issued materially misleading business information to the investing public.
On November 3, 2019, the Wall Street Journal reported on U.S. Justice Department and Securities and Exchange Commission investigations into Under Armour’s accounting practices and related disclosures. The investigations are examining whether Under Armour shifted sales from quarter to quarter to appear healthier. After years of at least 20% year-over-year revenue growth, Under Armour missed its sales targets in the final quarter of 2016 and has been struggling with weak sales and restructuring ever since.
On this news, Under Armour’s stock price fell during pre-market trading on November 4, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Under Armour investors. If you purchased shares of Under Armour please visit the firm’s website at http://www.rosenlegal.com/cases-register-1709.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
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