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.
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SOURCE Schubert Jonckheer & Kolbe LLP