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Under Armour Paying $9 Million to Resolve SEC Accounting Probe

Por: The Wall Street Journal Business May 04, 2021

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WASHINGTON— Under Armour Inc. agreed to pay $9 million to settle regulatory claims that it failed to disclose that it was pulling forward orders from future quarters, a practice that allowed it to meet Wall Street’s revenue estimates. The Baltimore-based apparel company resolved the Securities and Exchange Commission investigation without admitting or denying wrongdoing, the SEC said Monday. The Wall Street Journal reported in 2019 that... + full article



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