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Judge rules Under Armour must turn over documents related to SEC, DOJ investigations to UCLA

March 3, 2022

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.

Article Source: Baltimore Business Journal

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