Under Armour Settles $434M Class Action Lawsuit

Under Armour to Pay $434M in Class Action Settlement

BALTIMORE, MD – Under Armour, Inc. has agreed to a $434 million settlement in a class action lawsuit, according to a recent SEC filing. The apparel company, headquartered in Baltimore, Maryland, reached a Memorandum of Understanding (MOU) on Thursday, resolving allegations of misleading disclosures and accounting practices.