IRVINE, Calif.--(BUSINESS WIRE)--
Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Under Armour, Inc. (“Under Armour” or the “Company”) (NYSE: UAA). Investors, who purchased or otherwise acquired shares between April 21, 2016 and January 30, 2017 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the April 10, 2017 lead plaintiff motion deadline.
If you purchased shares of Under Armour during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at [email protected].
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
On January 31, 2017, Under Armour announced unsatisfactory fourth-quarter revenues and announced CFO Chip Molloy would be resigning. About $2.7 billion of Under Armour's market capitalization vanished on January 31, 2017 after the Company stated its quarterly revenue growth fell sharply.
When this information was disclosed to the public, the value of Under Armour declined, causing investors harm.
If you wish to learn more about this lawsuit at no charge, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
This press release may constitute Attorney Advertising in some jurisdictions.
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