$435 Million Settlement Reached for Under Armour Shareholders

A long-standing lawsuit between shareholders and Under Armour has come to a settlement. Under Armour has agreed to pay $435 million to resolve the accusations from shareholders.  The shareholders alleged that Under Armour misled them about the company’s financial health. Claims that the popular sports company inflated its sales figures and failed to alert shareholders to the risks associated with over-ambitious expansion plans between the years 2015-2019 were the basis for the lawsuit.  The company intends to pay the settlement with both cash on hand and credit.

This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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Steve Larson

An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, environmental clean-up litigation, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve’s clients value his creative approach to resolving complex litigation matters.


Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.