INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Under Armour, Inc. Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Nov 4, 2019--
Law Offices of Howard G. Smith announces an investigation on behalf of Under Armour, Inc. (“Under Armour” or the “Company”) (NYSE: UA, UAA ) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 3, 2019, The Wall Street Journal reported that the U.S. Department of Justice and Securities and Exchange Commission were investigating Under Armour’s accounting of revenue and related disclosures. The investigations concern whether the Company “shifted sales from quarter to quarter to appear healthier.” Though Under Armour had reported at least 20% year-over-year revenue growth for 26 straight quarters, the Company missed its sales targets in the final quarter of 2016 and has been struggling with weak sales and restructuring ever since.
On this news, the Company’s stock price fell sharply during intraday trading on November 4, 2019, thereby injuring investors.
If you purchased Under Armour securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191104005785/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2019.
PUB: 11/04/2019 12:55 PM/DISC: 11/04/2019 12:55 PM