Defendant Name: Under Armour, Inc.

Defendant Type: Public Company

Document Reference: 2021-78

Document Details

Legal Case Name In the Matter of Under Armour, Inc.
Document Name SEC Charges Under Armour Inc. With Disclosure Failures
Document Date 03-May-2021
Document Format Administrative Proceeding
File Number 3-20278
Allegation Type Issuer Reporting and Disclosure
Document Summary The SEC stated that: "[It] charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour has agreed to pay $9 million to settle the action."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $9,000,000.00 Shared:    

Related Documents:

33-10940 03-May-2021 Administrative Proceeding
Order Instituting Cease-And-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings and Imposing a Cease-And-Desist Order
On May 3, 2021, the SEC instituted settled cease-and-desist proceedings against Under Armour, Inc., stating: "This matter concerns Under Armour’s failure to disclose material information about its revenue management practices that rendered statements it made misleading."