NEW YORK, Feb. 17, 2017 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Maryland on behalf of investors who purchased Under Armour, Inc. (NYSE:UA) (NYSE:UAA) securities between April 21, 2016 and January 30, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra/under-armour-inc. There is no cost or obligation to you.
According to the complaint, throughout the Class Period Defendants made false and misleading statements and failed to disclose that Under Armour’s revenue and profit margins would not be able to withstand the heavy promotions, high inventory levels and ripple effects of numerous department store closures and the bankruptcy of one of its large retailers; Under Armour instead continued to promote itself as a growth company that would continue to develop and market game-changing products.
If you suffered a loss in Under Armour you have until April 10, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/under-armour-inc.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.