LOS ANGELES, CA / ACCESSWIRE / February 22, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Under Armour, Inc ("Under Armour" or the "Company") (UAA). Investors, who purchased or otherwise acquired shares between April 21, 2016 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.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
On January 31, 2017, Under Armour revealed poor fourth-quarter revenues and announced CFO Chip Molloy would be leaving his position. About $2.7 billion of Under Armour's market capitalization went missing on January 31, 2017 after the Company disclosed that its quarterly revenue growth fell significantly.
When this news was released to the public, the value of Under Armour dropped, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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SOURCE: Lundin Law PC