UNDER ARMOUR ANNOUNCES AGREEMENT TO SETTLE CLASS ACTION LITIGATION

The company has consistently denied the accusations and entered into this agreement in principle, which is not an admission or finding of fault or wrongdoing, given the costs and risks inherent in litigation. "We firmly believe that our sales practices, accounting practices, and disclosures were appropriate, and deny any wrongdoing in this case," said Mehri Shadman, Under Armour's Chief Legal Officer and Corporate Secretary. "Today's announcement allows us to move past this more than seven-year-old matter s ...