Violation Tracker Individual Record

Company: 
Under Armour Inc.
Current Parent Company: 
Under Armour
Penalty: 
$9,000,000
Year: 
2021
Date: 
May 3, 2021
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The Securities and Exchange Commission charged sports apparel manufacturer Under Armour Inc. with misleading investors as to the bases of its revenue growth and failing to disclose known uncertainties concerning its future revenue prospects. Under Armour agreed to pay $9 million to settle the action.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Maryland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
apparel
Specific Industry of Parent: 
apparel
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.