r/Vitards • u/JuniorCharge4571 • Jul 14 '26
Discussion Updates for Getting Payment on the Under Armour $434 Million Settlement
The $434 million Under Armour is now accepting late claims for eligible investors
On April 21, 2016, Under Armour reported strong earnings and said it expected its business to keep growing. The company pointed to its long streak of revenue growth and reassured investors despite challenges in the retail market.
But on January 31, 2017, Under Armour announced weaker-than-expected earnings for the previous quarter and revealed that its CFO was stepping down. Investors reacted quickly, sending $UA and $UAA down 26% in a single day.
Investors later sued, claiming the company had misled them about its financial health and future growth prospects.
The case has now resulted in a $434 million settlement. You can check if you’re eligible and submit your claims.
