Under Armour Settles SEC Charges For $9 Million
- Under Armour has settled with the Securities and Exchange Commission and agreed to pay $9 million related to misleading investors. According to the SEC filing, Under Armour used what is called a pull forward sales tactic. The SEC says the company made positive statements regarding its revenue growth, but without disclosing certain information. Under Armour has agreed to cease and desist the practice.