U.S. Markets closed
  • S&P 500

    3,390.68
    -10.29 (-0.30%)
     
  • Dow 30

    27,463.19
    -222.21 (-0.80%)
     
  • Nasdaq

    11,431.35
    +72.41 (+0.64%)
     
  • Russell 2000

    1,590.71
    -14.50 (-0.90%)
     
  • Crude Oil

    38.81
    -0.76 (-1.92%)
     
  • Gold

    1,909.70
    -2.20 (-0.12%)
     
  • Silver

    24.46
    -0.11 (-0.45%)
     
  • EUR/USD

    1.1780
    -0.0033 (-0.2827%)
     
  • 10-Yr Bond

    0.7780
    -0.0230 (-2.87%)
     
  • Vix

    33.35
    +0.89 (+2.74%)
     
  • GBP/USD

    1.3038
    +0.0017 (+0.1343%)
     
  • USD/JPY

    104.4500
    -0.3850 (-0.3672%)
     
  • BTC-USD

    13,654.00
    +5.49 (+0.04%)
     
  • CMC Crypto 200

    269.93
    +8.64 (+3.31%)
     
  • FTSE 100

    5,728.99
    -63.02 (-1.09%)
     
  • Nikkei 225

    23,485.80
    -8.54 (-0.04%)
     

SHAREHOLDER ALERT: Schubert Firm Investigating Possible Derivative Claims on Behalf of Under Armour, Inc. Shareholders

SAN FRANCISCO, Jan. 14, 2020 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating potential derivative claims on behalf of the shareholders of Under Armour, Inc. (NYSE: UAA) ("Under Armour"), related to the company's accounting practices.

On November 3, 2019, it was reported that the U.S. Department of Justice and the U.S. Securities and Exchange Commission were investigating the company's revenue recognition practices and whether it had shifted sales from quarter to quarter to make them appear stronger. The company subsequently confirmed the probe, and that it had been cooperating since July 2017. On November 14, 2019, it was further reported that the company had utilized a range of sales and shipping tactics to reach sales goals and hide slowing demand. The company and certain of its executives have been sued in a securities class action lawsuit, charging them with failing to disclose material information to investors and violating federal securities laws.

The Schubert Firm is investigating potential derivative claims based on harm the company has suffered as a result of potential breaches of fiduciary duty by the company's officers and directors. If you currently own stock in Under Armour and wish to obtain additional information about derivative claims and your legal rights, please contact Willem F. Jonckheer via email at wjonckheer@sjk.law or by telephone at (415) 788-4220, or fill out the form on our website at www.classactionlawyers.com/UA.

About Schubert Jonckheer & Kolbe LLP

Schubert Jonckheer & Kolbe LLP has extensive experience in prosecuting securities claims and has successfully represented investors throughout the nation in shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/shareholder-alert-schubert-firm-investigating-possible-derivative-claims-on-behalf-of-under-armour-inc-shareholders-300986294.html

SOURCE Schubert Jonckheer & Kolbe LLP