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Browse: Home / 2020 / July / 28 / Federal regulators escalate investigation of accounting practices at Under Armour – Baltimore Sun

Federal regulators escalate investigation of accounting practices at Under Armour – Baltimore Sun

By Securities Docket on July 28, 2020, 9:18 am

Federal officials have escalated an investigation into accounting practices at Under Armour at a time when the Baltimore-based sports apparel maker is struggling with worsening losses amid coronavirus-related store shutdowns.

Under Armour and two top executives, including founder Kevin A. Plank, have been alerted that the U.S. Securities and Exchange Commission could file a civil or administrative case alleging unlawful accounting methods, the company disclosed Monday.

via Federal regulators escalate investigation of accounting practices at Under Armour – Baltimore Sun.

Posted in SEC, Top | Tagged Under Armour

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