BERWYN, Pa., Nov. 4, 2019 /PRNewswire/ -- RM LAW, P.C. announces an investigation on behalf of Under Armour, Inc. ("Under Armour" or the "Company") (UA) (UAA) investors concerning the Company and its officers' possible violations of federal securities laws.
If you purchased shares of Under Armour and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
On November 3, 2019, The Wall Street Journal reported that the U.S. Department of Justice and Securities and Exchange Commission were investigating Under Armour's accounting of revenue and related disclosures. The investigations concern whether the Company "shifted sales from quarter to quarter to appear healthier." Though Under Armour had reported at least 20% year-over-year revenue growth for 26 straight quarters, the Company missed its sales targets in the final quarter of 2016 and has been struggling with weak sales and restructuring ever since.
On this news, the Company's stock price fell sharply during intraday trading on November 4, 2019, thereby injuring investors.
For more information regarding this, please contact RM LAW, P.C. (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at email@example.com or click here. For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website by clicking here.
RM LAW, P.C. is a national shareholder litigation firm. RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
Richard A. Maniskas, Esquire
1055 Westlakes Dr., Ste. 300
Berwyn, PA 19312
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