Investors Seek Approval Of $434M Settlement With Under Armour In Securities Case

Mealey's (July 16, 2024, 1:25 PM EDT) -- BALTIMORE — Plaintiff investors in a class action alleging that Under Armour Inc. and its former CEO violated federal securities laws by making false claims about demand for the company’s products on July 15 sought preliminary approval from a federal court in Maryland of a $430 million settlement with the company....