If you purchased or otherwise acquired Under Armour Class A or Class C common stock during the period between September 16, 2015, and November 1, 2019, inclusive, and are not otherwise excluded, you could be entitled to a payment from a proposed Settlement.

For a full description of the Settlement, including a description of your rights under the Settlement and how to file a claim, click on the Case Documents page where you can download and review the Settlement Agreement, the Notice of Proposed Settlement of Class Action ("Notice"), the Proof of Claim and Release form ("Proof of Claim"), and other critical documents.

In order to participate in the Settlement, you must submit a Proof of Claim. For the most effective submission method, we recommend you submit a Proof of Claim on this website. There is a link found on the File Claim page under the header “Submit Your Claim Form Online.”

Note that the online link will be disabled at any time after the November 12, 2024 filing submission deadline and you will only be able to submit via mail.

A brief background of this case is provided on pages 4-5 of the Notice and is also summarized on this website. We do not have any more information regarding the background of this case beyond what is provided in the Notice and posted case documents.

A class action is a type of lawsuit in which one or several individuals or entities prosecute claims on behalf of all members of a group of similarly situated persons and entities (i.e., the Class) to obtain monetary or other relief for the benefit of the entire group. Class actions avoid the necessity of each member of a class having to file his, her or its own separate lawsuit to obtain relief. Class actions are used to decide legal and factual issues that are common to all members of a Class.

Importantly, Class Members are NOT individually responsible for the attorneys’ fees or litigation expenses. In a class action, attorneys’ fees and litigation expenses are paid from the settlement fund (or the Court judgment amount), if any, and must be approved by the Court. If there is no recovery, the attorneys representing the Class do not get paid.

If you purchased or otherwise acquired Under Armour Class A or Class C common stock during the period between September 16, 2015, and November 1, 2019, inclusive, and are not otherwise excluded, you are a Class Member.

As set forth in the Settlement Agreement, excluded from the Class are Defendants, present or former executive officers and directors of Under Armour and their immediate family members (as defined in 17 C.F.R. §229.404, Instructions (1)(a)(iii) and (1)(b)(ii)). Also excluded from the Class are the persons and entities who submitted valid requests for exclusion from the Class in connection with the mailing of the Notice of Pendency of Class Action. 

Excluded from the Class are Defendants, present or former executive officers and directors of Under Armour and their immediate family members (as defined in 17 C.F.R. §229.404, Instructions (1)(a)(iii) and (1)(b)(ii)). Also excluded from the Class are the persons and entities who submitted valid requests for exclusion from the Class in connection with the mailing of the Notice of Pendency of Class Action that took place in September 2023. 

As a member of the Class, you will be represented by Lead Counsel, identified below, and will have no individual liability for attorneys’ fees and costs: 

Robert R. Henssler Jr.
Robbins Geller Rudman & Dowd LLP
655 West Broadway, Suite 1900
San Diego, CA 92101

Lead Counsel will represent you as a part of the Class. You will not be individually charged for these lawyers. Lead Counsel will seek an award of attorneys’ fees and expenses. You will not be personally liable for any such fees or expenses.

You may, if you so desire, enter an appearance through an attorney who will then represent you. You will, however, be responsible for the fees and costs charged by your own attorney appearing on your behalf. Any such appearances must be made by October 17, 2024.

Please read the Notice and the Class definition carefully and decide whether you wish to submit a Proof of Claim. If you are still not certain of eligibility and want for us to determine eligibility, you will need to submit a Proof of Claim along with supporting documentation for your transactions.

To be potentially eligible for a payment from the proceeds of the Settlement, you must be a Class Member and must timely complete and return the Proof of Claim with adequate supporting documentation so that it is received no later than November 12, 2024.

The Plan of Allocation, discussed on pages 5-9 of the Notice, explains how the Net Settlement Fund will be allocated among purchasers and/or acquirers of Under Armour Class A and/or Class C common stock during the Class Period and how claimants’ “Recognized Loss” will be calculated. Your share of the Net Settlement Fund will depend on several things, including: (i) the number of shares of Under Armour Class A and/or Class C common stock you bought or otherwise acquired; (ii) how much you paid for the shares; (iii) when you bought or otherwise acquired such shares; (iv) whether or when you sold such shares (and, if so, for how much you sold them); and (v) the amount of Recognized Losses of other Authorized Claimants.

It is unlikely that you will get a payment for your entire Recognized Loss, given the number of potential Class Members. After all Class Members have sent in their Proofs of Claim, the payment any Authorized Claimant will get will be their pro rata share of the Net Settlement Fund based on the Plan of Allocation approved by the Court. In general, an Authorized Claimant’s share will be his, her or its Recognized Loss divided by the total of all Authorized Claimants’ Recognized Losses and then multiplied by the total amount in the Net Settlement Fund. 

We administer the notice process under the direction of the presiding Court and counsel. In some cases, we are directed to provide CUSIP numbers for the securities involved in the matter. In other cases, we are not authorized or directed to provide the CUSIP numbers. In this case, we are unable to provide the CUSIP for either Class A or Class B common stock. The determination regarding CUSIP numbers is made on a case-by-case basis by counsel and the Court and is not a matter decided by the Claims Administrator.

We do not hold stock records here. Gilardi & Co., LLC is a third-party administrator appointed by the Court to notify potential claimants. We are provided with names and addresses of potential claimants in order to notify individuals of settlements but do not have access to your private investment records.

We recommend you contact the institution where you held your Under Armour Class A and/or Class C common stock and request proof or supporting documentation for your claim.

Sufficient documentation will provide proof of all the transaction information required by the Proof of Claim.

Suggested forms of documentation include, but are not limited to, photocopies of stockbrokers' confirmation slips or stockbrokers' monthly statements reflecting your transactions, opening and closing balances for the months specified on the Proof of Claim, and in which transactions during the relevant period occurred.

Stock certificates are not considered a sufficient form of documentation as they do not provide the necessary trade date and transaction price information. We are also unable to accept handwritten documents, self-prepared tax forms or spreadsheets, or statements that are illegible due to document quality.

Email is not an acceptable submission method and claims submitted via email will not be reviewed for eligibility. As indicated in the general instructions for the Proof of Claim, you must submit your claim online via this website or by postal mail. To submit your Proof of Claim by mail, mail your completed and signed Proof of Claim to the following address:

Under Armour Securities Litigation
c/o Gilardi & Co. LLC
P.O. Box 301135
Los Angeles, CA 90030-1135

To submit your Proof of Claim online, use the link under the header “Submit Your Claim Form Online" on the File Claim page.

We cannot advise you as to whether you should choose to submit a claim, exclusion or objection.

Unless you timely and validly excluded yourself in response to the Notice of Pendency of Class Action mailed to you in September 2023, you are staying in the Class, and that means that you cannot sue, continue to sue, or be part of any other lawsuit against the Defendants and their Related Persons in this case.  It also means that all of the Court’s orders will apply to you and legally bind you, and you will release your claims in this case against the Defendants and their Related Persons. The terms of the release are included in the Notice of Proposed Settlement of Class Action, Proof of Claim, and Settlement Agreement.

If you do not submit a Proof of Claim, you will not receive any money from this Settlement but will still be part of the Class and subject to applicable releases.

Objecting is simply telling the Court that you do not like something about the Settlement. You can object only if you stay in the Class.

Excluding yourself is telling the Court that you do not want to be paid and do not want to release any claims you think you may have against the Defendants and their Related Persons. If you excluded yourself, you cannot object to the Settlement because it does not affect you.

The deadline to exclude yourself Class has passed.  As described in detail in the Notice of Pendency of Class Action that was mailed to potential Class Members in September 2023, if you did not wish to remain a member of the Class described above, you were required to mail a written request for exclusion from the class action no later than November 27, 2023.

If you are a Class Member and did not exclude yourself from the Class in connection with the mailing of the Notice of Pendency of Class Action, you may object to the terms of the Settlement. You may object to the terms of the Settlement and/or the requested attorneys’ fees, charges and expenses, Lead Plaintiff’s and Class Representatives’ request for awards for representing the Class, and/or the Plan of Allocation.

For any objection to be considered, you must file a written statement, accompanied by proof of Class membership, with the Court and send a copy to Lead Counsel and Defendants’ counsel, at the addresses listed below so that it is received by October 17, 2024. The objection must: (a) state the name, address, and telephone number of the objector and must be signed by the objector;  (b) include documents sufficient to prove membership in the Class; (c) state whether it applies only to the objector, to a specific subset of the Class, or to the entire Class; and (d) state with specificity the grounds for the objection. In addition, any objection must identify all other objections to class action settlements submitted by the objector or his, her, or its counsel.

The Court’s address is U.S. Courthouse, 101 West Lombard Street, Baltimore, MD 21201.

Lead Counsel’s address is Robbins Geller Rudman & Dowd LLP, 655 West Broadway, Suite 1900, San Diego, CA 92101, c/o Robert R. Henssler Jr.

Defendants’ counsel’s addresses are Fried, Frank, Harris, Shriver & Jacobson LLP, 801 17th Street NW, Washington, DC 20006, c/o James D. Wareham; and Paul, Weiss, Rifkind, Wharton & Garrison LLP, 1285 Avenue of the Americas, New York, NY 10019, c/o Daniel J. Kramer.

Unless otherwise directed by the Court, any Class Member who does not make his, her, or its objection in the manner provided shall be deemed to have waived all objections to this Settlement and shall forever be foreclosed from raising (in this or any other proceeding or on any appeal) any objection and any untimely objection shall be barred. 

You are not required to hire an attorney to represent you in making written objections or in appearing at the Settlement Hearing. If you hire an attorney (at your own expense) to represent you for purposes of objecting, your attorney must serve a notice of appearance on counsel listed above and file it with the Court (at the address set out above) by no later than October 17, 2024. 

If you do nothing, you will not receive any money from this Settlement. In addition, unless you excluded yourself, you will not be able to start a lawsuit, continue with a lawsuit, or be part of any other lawsuit against the Defendants and their Related Persons about the Released Claims in this case.

Separate Proofs of Claim should be submitted for each separate legal entity (e.g., a claim from joint owners should not include the transactions of just one of the joint owners, and an individual should not combine his or her IRA transactions with transactions made solely in the individual’s name).

However, a single Proof of Claim should be submitted on behalf of one legal entity that includes all transactions made by that entity, no matter how many separate accounts that entity has (e.g., a corporation with multiple brokerage accounts should include all transactions made in all accounts on one Proof of Claim).

When filing on behalf of a deceased beneficial owner or their estate, you can submit a claim in the name of the individual, or, if an estate exists, you can submit on behalf of the estate. Note that any settlement proceeds will be made payable to the estate if that is how you submit that claim.

The claim submission should include a copy of the death certificate as well as proof of authority to file. As you are submitting a Proof of Claim as a representative on behalf of someone else (e.g., as an executor, administrator, trustee or other representative), you must document your authority to file on their (or their estate’s) behalf. Proof of authority can include a copy of the Last Will and Testament, Letters Testamentary, evidence of probate, proof of authority as executor or beneficiary and/or any other testamentary provisions of the deceased person. Do not send originals as any documents submitted with your claim will not be returned.

Depending on whether you submit on behalf of the individual on behalf of the estate, please provide the appropriate tax identification number or last four digits of the social security number and sign the Proof of Claim.

The claim must be submitted for the benefit of the actual beneficial owner/purchaser of the shares or their estate. Do not submit the Proof of Claim in the name of the deceased person’s family or other heirs. We must issue the check to the actual beneficial owner/purchaser of the shares. We cannot issue any applicable check in the name of the deceased person’s family, beneficiaries or other heirs.

The Court will hold a Settlement Hearing on November 7, 2024, at 11:00 a.m. ET, before the Honorable Richard D. Bennett at the United States District Court for the District of Maryland, U.S. Courthouse, 101 West Lombard Street, Baltimore, MD 21201, for the purpose of determining whether: (1) the Settlement as set forth in the Settlement Agreement for $434,000,000.00 in cash, and certain non-monetary benefits described above, should be approved by the Court as fair, reasonable, and adequate; (2) Judgment as provided under the Settlement Agreement should be entered; (3) to award Lead Counsel attorneys’ fees and expenses out of the Settlement Fund and, if so, in what amount; (4) to award Lead Plaintiff and Class Representatives amounts pursuant to 15 U.S.C. §78u-4(a)(4) in connection with their representation of the Class out of the Settlement Fund and, if so, in what amounts; and (5) the Plan of Allocation should be approved by the Court.

Any Class Member may appear at the Settlement Hearing and be heard on any of the foregoing matters; provided, however, that no such person shall be heard unless his, her, or its objection is made in writing and is filed, together with proof of membership in the Class and with copies of all other papers and briefs to be submitted by him, her, or it to the Court at the Settlement Hearing, with the Court no later than October 17, 2024, and showing proof of service on both Lead Counsel and Defendants’ counsel. 

For more information on how to object, see Frequently Asked Question No. 16.

Please note that the Court may adjourn or continue the Settlement Hearing without further notice to Class Members. The Settlement Hearing may be adjourned by the Court without further written notice other than posting of the adjournment on this website.  If you plan to attend the Settlement Hearing, you should confirm the date and time with Lead Counsel.

Attendance at the Settlement Hearing is not necessary; however, persons wishing to be heard orally at the Settlement Hearing are required to indicate in their written objection their intention to appear at the hearing and identify any witnesses they may call to testify and exhibits, if any, they intend to introduce into evidence. 

Please send your late submission when you are able, as we will continue to process late claims. Up until the point when we are prepared to distribute the settlement fund, late claims which are otherwise valid will be accepted. Distributions in settlements such as this typically take place nine to twelve months after the filing deadline has passed, but this is an average estimate and claims processing could take longer depending on various factors, including whether a large number of late claims are being submitted due to delays outside of the control of claimants.

The Settlement Hearing will be held on November 7, 2024, at 11:00 a.m. ET to decide whether to approve the Settlement. If the Court approves the Settlement, there might be appeals.  It is always uncertain whether appeals can be resolved, and, if so, how long it would take to resolve them.   

It also takes time for all of the Proofs of Claim to be processed.  Processing time on our cases can take an average of nine to twelve months or more from the November 12, 2024 filing deadline. Once processing is complete, we must then wait for authorization from Counsel and/or the Court before we can distribute the funds which can take several additional months.

Please understand that this is an estimated timeframe for processing based on our experience which does not guarantee that all case processing will be completed within twelve months. Processing time varies from case to case and some cases may take more or less time based on the specifics of that case settlement.

If your claim has been received and we have any questions or need additional information or documentation to assist in the processing of your claim, we will contact you by using one or more of the contact methods (phone, e-mail, mail) which you listed on your Proof of Claim.

We will not have the final claim payout amount available until we have processed all of the claims, calculated the total loss of claims filed, and received approval from the Court and/or Lead Counsel.

We appreciate your patience as accurate claims processing takes time.

If you have any corrections of changes of name or address, please send them via email to the Claims Administrator at [email protected] or by mail to: Under Armour Securities Litigation, c/o Gilardi & Co. LLC, P.O. Box 301135, Los Angeles, CA 90030-1135.

If you have any additional questions, you may contact the Claims Administrator at: Under Armour Securities Litigation, c/o Gilardi & Co. LLC, P.O. Box 301135, Los Angeles, CA 90030-1135; 1-866-789-1395; [email protected].

In addition, you may contact Greg Wood, Shareholder Relations, Robbins Geller Rudman & Dowd LLP, 655 West Broadway, Suite 1900, San Diego, CA 92101; 1-800-449-4900; [email protected], if you have any questions about the Action or the Settlement.