SHAREHOLDER ALERT: Schubert Firm Investigating Possible Derivative Claims on Behalf of Under Armour, Inc. Shareholders

Date : 01/14/2020 @ 1:00PM
Source : PR Newswire (US)
Stock : Under Armour Inc (UAA)
Quote : 17.19  0.43 (2.57%) @ 12:59AM
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Last Trade
Last $ 17.17 ▼ -0.02 (-0.12%)

SHAREHOLDER ALERT: Schubert Firm Investigating Possible Derivative Claims on Behalf of Under Armour, Inc. Shareholders

Under Armour (NYSE:UAA)
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2 Months : From Dec 2019 to Feb 2020

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SAN FRANCISCO, Jan. 14, 2020 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating potential derivative claims on behalf of the shareholders of Under Armour, Inc. (NYSE: UAA) ("Under Armour"), related to the company's accounting practices.

On November 3, 2019, it was reported that the U.S. Department of Justice and the U.S. Securities and Exchange Commission were investigating the company's revenue recognition practices and whether it had shifted sales from quarter to quarter to make them appear stronger. The company subsequently confirmed the probe, and that it had been cooperating since July 2017. On November 14, 2019, it was further reported that the company had utilized a range of sales and shipping tactics to reach sales goals and hide slowing demand. The company and certain of its executives have been sued in a securities class action lawsuit, charging them with failing to disclose material information to investors and violating federal securities laws.

The Schubert Firm is investigating potential derivative claims based on harm the company has suffered as a result of potential breaches of fiduciary duty by the company's officers and directors. If you currently own stock in Under Armour and wish to obtain additional information about derivative claims and your legal rights, please contact Willem F. Jonckheer via email at wjonckheer@sjk.law or by telephone at (415) 788-4220, or fill out the form on our website at www.classactionlawyers.com/UA.

About Schubert Jonckheer & Kolbe LLP

Schubert Jonckheer & Kolbe LLP has extensive experience in prosecuting securities claims and has successfully represented investors throughout the nation in shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

 

Cision View original content:http://www.prnewswire.com/news-releases/shareholder-alert-schubert-firm-investigating-possible-derivative-claims-on-behalf-of-under-armour-inc-shareholders-300986294.html

SOURCE Schubert Jonckheer & Kolbe LLP

Copyright 2020 PR Newswire

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