Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the District of Maryland on behalf of shareholders of Under Armour, Inc. (NYSE : UA) who purchased shares between April 21, 2016 and January 30, 2017.
The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: Under Armour’s revenue and profit margins would not be able to withstand the heavy promotions, high inventory levels and ripple effects of numerous department store closures and the bankruptcy of one of its large retailers; Under Armour instead continued to promote itself as a growth company that would continue to develop and market game-changing products.
If you suffered a loss in Under Armour, Inc. you have until April 10, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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