Under Armor Agrees to Pay $434 Million to Settle Lawsuit Alleging Sales Manipulation

By Naveen Athrappully Sports apparel manufacturer Under Armour has agreed to pay $434 million to settle a class action lawsuit alleging the company manipulated sales data. The lawsuit, originally filed in 2017, accused Under Armour of “falsely claiming that consumer demand for the Company’s products was strong between the third quarter of 2015 and the […]