Under Armour Inc.

Practice Area: 
Stock Symbol: 
UAA
Case Status: 
Investigations

Ademi & O’Reilly, LLP is investigating possible securities fraud claims against Under Armour (NYSE: UAA) resulting from inaccurate statements Under Armour made regarding its business practices, financial statements and prospects.

The investigation focuses on whether Under Armour issued false and misleading financial statements.  Specifically, Under Armour was shifting revenues from quarter to quarter to appear contrary to GAAP.  As a result, Under Armour is facing a criminal inquiry from the Department of Justice and a civil investigation by the SEC.