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Simply Wall St.
Under Armour (NYSE:UAA) Hasn't Managed To Accelerate Its Returns
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Investing.com
Midday movers: Apple, Eli Lilly rise; Coinbase falls
(Updated - June 24, 2024 12:03 PM EDT)
Reuters
Under Armour to pay $434 million to settle lawsuit over sales disclosures
The shareholder lawsuit accused the apparel maker and CEO Kevin Plank of intentionally misleading them about the company's financial health. In 2021, the Baltimore-based company had agreed to pay $9 million to settle Securities and Exchange Commission (SEC) charges that it misled investors about its revenue growth. Mark Solomon, lead counsel for the shareholders and a partner at litigation firm Robbins Geller Rudman & Dowd, called the proposed settlement an "important win" that underscored the key role of pension funds in holding companies accountable.