A deadline is coming up on April 10, 2017 in the lawsuit filed for investors in NYSE:UAA over alleged securities laws violations by Under Armour Inc.
Investors who purchased shares of Under Armour Inc (NYSE:UAA) have certain options and there are strict and short deadlines running. Deadline: April 10, 2017. NYSE:UAA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges on behalf of purchasers of Under Armour Inc (NYSE:UAA) common shares between April 21, 2016 and January 30, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 21, 2016 and January 30, 2017, Under Armour Inc and certain of its officers made false and misleading statements and 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.
The plaintiff claims that instead, Under Armour Inc promoted itself as a growth company that would continue to develop and market game-changing products and that Defendants’ allegedly false statements and/or omissions caused Under Armour Inc common stock to trade at artificially inflated prices between April 21, 2016 and January 30, 2017
Shares of Under Armour Inc (NYSE:UAA) declined from over $80 per share in early 2016 to as low as $18.40 per share in March 2017.
On April 7, 2017, NYSE:UAA shares closed at $19.86 per share.
Those who purchased NYSE:UAA shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com