Under Armour Inc. won’t face an investor suit over allegedly misleading statements about the sportswear brand’s growth potential connected to a 2016 bond offering.
Under Armour and some of its executives, including founder and CEO Kevin Plank, are free of a class action alleging they misled investors after a federal judge dismissed the complaint Sept. 19. Some of the claims were dismissed with prejudice, but the investors can amend their complaint and try again on others, the U.S. District Court for the District of Maryland said.
The investors can’t pursue their claims alleging Under Armour made “various untrue and misleading ...
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