Under Armour Securities Litigation
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Welcome to the Under Armour Securities Litigation Website

This website describes your rights as a Class Member with respect to the certified class action against Under Armour, Inc. and Kevin A. Plank.

The purpose of this website is to advise you that presently pending before the United States District Court for the District of Maryland (the “Court”) is a consolidated securities case captioned In re Under Armour Securities Litigation, No. RDB-17-388. Pursuant to the Court’s Order dated September 29, 2022, the Court certified this securities case as a class action to proceed on behalf of the Class. Lead Plaintiffs Aberdeen City Council as Administrating Authority for the North East Scotland Pension Fund, Monroe County Employees’ Retirement System, and KBC Asset Management NV have been appointed Class Representatives.

The “Class,” as certified by the Court, consists of: All persons and entities who purchased or otherwise acquired Class A and Class C common stock of Under Armour, Inc. (“Under Armour”) between September 16, 2015, and November 1, 2019, inclusive (“Class Period”). Excluded from the Class are Defendants, present or former executive officers and directors of Under Armour and their immediate family members.


The Consolidated Third Amended Complaint (the “Complaint”) alleges that Defendants violated Sections 10(b)and 20(a) of the Securities Exchange Act of 1934 (as amended, the “Exchange Act”), and Defendant Kevin A. Plank violated Section 20A of the Exchange Act, by knowingly or recklessly misrepresenting and concealing material facts during the Class Period regarding consumer demand for Under Armour’s products and the Company’s financial and operating results. The Complaint alleges that Defendants misled investors during the Class Period by falsely claiming that consumer demand for the Company’s products was strong between the third quarter of 2015 and the fourth quarter of 2016 when in reality demand was in decline. The Class Representatives seek, for themselves and all other similarly situated persons, compensatory damages, interest, and reasonable costs and expenses, including attorneys’ fees and experts’ fees.

This website is not an admission by Defendants or an expression by the Court of any opinion on the likelihood of recovery by the Class Representatives or on the merits of any defense asserted by Defendants. There is no settlement or monetary recovery at this time, and there is no guarantee there will be any recovery. This website is provided so that you may decide what steps, if any, to take in relation to your continued participation in the Class.

Discovery in this Action is ongoing. The Court has set a deadline of October 2, 2023 for filing summary judgment motions, and briefing on such motions will be complete by December 18, 2023. The Court has scheduled trial to begin on March 4, 2024.


If you are a member of the Class, you must decide either to stay in this lawsuit or exclude yourself.

Do Nothing. Stay in the Lawsuit You have the right to stay in the lawsuit as a Class Member and await the outcome of the case. You need to do nothing (other than retain your records in Under Armour Class A and Class C common stock) if you wish to remain in this lawsuit.
Exclude Yourself from the Lawsuit You have the right to not be part of this lawsuit by excluding yourself or “opting out” of the Class. If you wish to exclude yourself, you must do so on or before November 27, 2023 as described on page 3 of the Notice.


Request Exclusion: November 27, 2023
Trial Start March 4, 2024


Although the information on this website is intended to assist you, it does not replace the information contained in the Notice of Pendency of Class Action which can be found and downloaded on the Case Documents page of this website. We recommend that you read the Notice and other relevant case documents carefully. You may also wish to read the answers to Frequently Asked Questions provided on this website. If you have not received a notice and would like to confirm that you are on the mailing list for further notice mailings in this matter, please contact the Notice Administrator and request that a notice be sent to you at your current mailing address.