Judge Gives 1st Nod To $434M Settlement In Under Armour Securities Suit

Mealey's (July 24, 2024, 2:07 PM EDT) -- BALTIMORE — A Maryland federal judge granted preliminary approval to a proposed $434 million settlement in a class action brought by investors claiming that Under Armour Inc. and its former CEO violated federal securities laws by making false claims about demands for the company’s products, finding that the proposed settlement is fair and adequate for the purposes of preliminary approval....

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