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Join the Securities Litigation and Enforcement Group on LinkedInFederal regulators escalate investigation of accounting practices at Under Armour – Baltimore Sun
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 […]
Under Armour facing potential SEC enforcement over accounting practices | Article | Compliance Week
Under Armour revealed in a regulatory filing Monday that its accounting practices are the subject of a pending enforcement action by the Securities and Exchange Commission (SEC). The Baltimore-based athletic wear manufacturer and two of its executives received Wells Notices from the regulator, which indicate SEC staff have made a preliminary determination suggesting enforcement action […]
Under Armour Is Subject of Federal Accounting Probes – WSJ
Federal authorities are investigating Under Armour Inc. UA 2.22% ’s accounting practices in a probe examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier, according to people familiar with the matter. As part of the probe, which hasn’t been made public, investigators questioned people in Baltimore, where the company is […]