Under Armour, Inc.
Robbins LLP served as lead plaintiffs' counsel in the consolidated state derivative action alleging that, from the third quarter of 2015 through the first half of 2017, certain Under Armour officers and directors made or permitted the publication of statements intended to create the impression of continued strong demand that had fueled the Company’s year-over-year quarterly revenue growth. Plaintiffs allege the defendants knew when these statements were made that Under Armour had been relying on unsustainable sales practices to mask declining demand that created revenue holes in future quarters and undercut future sales and margins by damaging relationships with full-price retailers. After eight years of litigation, Robbins LLP helped to obtain $8,900,000 for Under Armour and significant corporate governance enhancements, including the creation of a disclosure committee, audit committee enhancements, and insider trading policy enhancements.
Kenney, et al. v. Plank, et al., Case No. 24-C-18-003939 (Balt. City Cir. Ct. Md. Aug. 14, 2025)
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