Under Armour, Investors Head Toward Trial on Accounting Issues

Under Armour Inc. has lost a bid to defeat a securities class action before trial on grounds that the investors suing it lacked proof of misleading statements about consumer demand and other metrics.

That issue will go to a jury, as will the issue of fraudulent intent, Judge Richard D. Bennett said in an order entered Tuesday in the US District Court for the District of Maryland’s docket.

Under Armour argued “that the statements must be considered in the full context in which they were made, including risk disclosures and warnings,” Bennett said. A question of fact exists for the ...