Judge Issues Final Judgment, Approves Allocation Of Under Armour Securities Settlement

( November 22, 2024, 5:36 PM EST) -- BALTIMORE — A federal judge in Maryland issued a final judgment, dismissal with prejudice, order approving plan of allocation, attorney fees and expenses and an award to plaintiffs 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 the settlement to be, “in all respects, fair, reasonable, and adequate to the Class.”...