April 11, 2018 (ACCESSWIRE via COMTEX) — NEW YORK, NY / ACCESSWIRE / April 11, 2018 / Pomerantz LLP is investigating claims on behalf of investors of Under Armour, Inc. (“Under Armour” or the “Company”)
Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Under Armour and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On March 29, 2018, post-market, Under Armour announced that a data breach had affected an estimated 150 million users of MyFitnessPal, the Company’s food and nutrition application, compromising user data including usernames, email addresses, and hashed passwords. Following this announcement, Under Armour’s Class A share price fell $0.25, or 1.53%, to close at $16.10 on April 2, 2018, while Under Armour’s Class C share price fell $0.36, or 2.51%, to close at $13.99 on April 2, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
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