Under Armour Inc. must turn over documents related to the federal government’s investigation into the company’s accounting practices which led to a $9 million fine last year, a Los Angeles judge has ruled. Judge H. Jay Ford III in the Los Angeles Superior Court said in a Feb. 15 ruling that UCLA’s requests for the documents from Under Armour (NYSE: UAA) through discovery “clearly seek relevant information” pertinent to its case against the Baltimore-based sportswear maker. UCLA sued Under Armour in 2020 after the company prematurely terminated a 15-year, $280 million sponsorship deal earlier that year.
Judge rules Under Armour must turn over documents related to SEC, DOJ investigations to UCLA
March 3, 2022