A NJ shareholder lawsuit claims that Under Armour CEO Kevin Plank improperly profited on a $70.3 million purchase by the company of a parcel of land in the Port Covington Development that Plank had paid just $35 million for three years earlier. The complaint further alleges that Plank used the company’s promise of locating its world headquarters to the project as an anchor to secure $760.4 million in local tax concessions but that the benefit of those tax breaks, which it said will be in the billions of dollars, would all go to Plank and private developers with none of ... Log in to view full article.