UAA - A $434M Price Tag: Under Armour Flips the Page On Legal Drama With Settlement | Benzinga
On Friday, Under Armour, Inc. (NYSE:UA) disclosed that it has reached an agreement to settle the previously declared securities class action lawsuit with a payment of $434 million.
As per the terms, Under Armour is paying the amount to settle claims from purchasers of its publicly traded shares between September 16, 2015, and November 1, 2019.
The company also agreed to implement two governance changes for a specified period, as detailed in its 8-K filing with the SEC.
The lawsuit, initially filed in 2017, has been pending in the United States District Court for the District of Maryland.
Notably, Under Armour has consistently ...