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.
