In re Under Armour Securities Litigation

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND * IN RE UNDER ARMOUR SECURITIES LITIGATION * Civil Action No. RDB-17-0388 * * * * * * * * * * * * * * MEMORANDUM OPINION The basic allegation in this putative class action is that Defendants Under Armour, Inc. (“Under Armour,” “UA,” or the “Company”) and its co-founder and former Chief Executive Officer (“CEO”) Kevin Plank (“Plank”) (collectively, “Defendants”) misrepresented the level of consumer demand for Under Armour products. The Consolidated Third Amended Complaint (“TAC”) (ECF No. 153)1 alleges violations of Sections…