Levi & Korsinsky notifies shareholders of an investigation into possible securities laws violations by Under Armour, Inc. (NYSE: UA). In particular, on April 26, 2016, Company insiders sold in excess of $80 million of UA stock. These insider sales were shortly before the Company cut its sales outlook, citing the liquidation of its Sports Authority, and shortly before the Company announced poor earnings in July 2016.
We are investigating an action to determine whether these Company insiders improperly traded based on non-public information and, if so, to recover from these insiders any ill-gotten gains.
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