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Under Armour stock price increases by 15% or more by Q4 2024?
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Under Armour to Pay $434 Million to Settle Shareholder Lawsuit
Jun 21, 2024, 09:48 PM
Under Armour has agreed to pay $434 million to settle a shareholder class action lawsuit that dates back to 2017. The lawsuit accused the Baltimore-based sports apparel maker and its CEO, Kevin Plank, of intentionally misleading shareholders about the company's financial health. This settlement aims to resolve claims over past financials and marks a significant step for Under Armour as it continues to focus on innovation to turn around its brand.
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