Under Armour Targeted by Shareholder Law Firms
Following the 26% stock price decline after its earnings miss on Q4, at least five law firms announced they were investigating Under Dog for a possible shareholder lawsuit. Not at all unhappy about the miss were UA short sellers, who realized a $400 million profit on the stock the day of the earnings call. The stock rebounded modestly after that.
Meanwhile, former NFL player Shawne Merriman filed a trademark infringement suit against Under Dog ... Log in to view full article.