Under Armour Inc disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker's accounting practices.
FILE PHOTO: Customers exit an Under Armour store in New York City, U.S., November 4, 2019. REUTERS/Brendan McDermid/File Photo GLOBAL BUSINESS WEEK AHEAD
Last year, the company said it was cooperating with federal investigators in connection with a probe about whether it shifted sales from quarter to quarter to meet objectives.
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Under Armour Says It Gets ‘Wells Notices’ From SECSecurities regulators have warned Under Armour, its founder Kevin Plank and its chief financial officer that they could face civil-enforcement action related to the sportswear maker’s past accounting practices.
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Under Armour Says It Gets ‘Wells Notices’ From SECSecurities regulators have warned Under Armour, its founder Kevin Plank and its chief financial officer that they could face civil-enforcement action related to the sportswear maker’s past accounting practices.
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