r/wallstreetbetsOGs 16h ago

News $UA $UAA Settlement Update: Late Claims Are Being Considered in $434M Under Armour Settlement

Post image
5 Upvotes

For anyone who owned $UA or $UAA, there’s an update on the investor settlement. Under Armour has agreed to pay $434 million to resolve claims from shareholders, and late claims are now being considered.

The case focused on claims that Under Armour misled investors about its revenue growth and business prospects. The company had continued highlighting strong growth expectations before reporting weaker-than-expected results in January 2017. That news, along with the resignation of its CFO, sent the stock down 26% in one day.

If you bought $UA or $UAA shares between 2015 and 2019, you may be eligible to participate. Check your eligibility and submit a claim here.