Class Action Cases

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Under Armour, Inc.

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According to the Complaint, the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On March 29, 2018, Under Armour announced that personal data of approximately 150 million users of the company’s MyFitnessPal nutrition-tracking application and website had been compromised by a data security breach. Hackers gained access to user names, email addresses and passwords. When the truth was revealed to the investing public, shares fell sharply during after-hours trading, causing shareholders harm.

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