The Portnoy Law Firm advises Under Armour, Inc. (NYSE: UA, UAA) investors to contact the firm to learn more about ways investors can protect their investment amidst allegations that Under Armour executives used “pull forward” sales to boost sales figures during certain quarters to meet sales objectives.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join a potential lawsuit via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On July 27, 2020, in an SEC filing, Under Armour announced that the Company, the Company’s Executive Chairman, and the Company’s Chief Financial Officer each received a Wells Notice relating to the Company’s “disclosures covering the third quarter of 2015 through the period ending December 31, 2016, regarding the use of ‘pull forward’ sales in connection with revenue during those quarters.” Further, the Company stated that “the SEC Staff is focused on the Company’s disclosures regarding the use of pull forward sales in order to meet sales objectives.” These notices “informed the Company and the Executives that the SEC Staff has made a preliminary determination to recommend that the SEC file an enforcement action against the Company and each of the Executives[.]”
Under Armour, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
8240 Beverly Blvd., Suite 9
Los Angeles, CA 90048
info@portnoylaw.com
