Tags: under armour | law enforcement | probe | wsj

Under Armour Faces Federal Probe

Under Armour Faces Federal Probe
 A detailed view of an Under Armour batting glove. (Patrick Smith/Getty)

Sunday, 03 November 2019 07:29 PM EST

Under Armour Inc is being probed by U.S. federal law enforcement officials, examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier, the Wall Street Journal reported on Sunday.

A criminal Inquiry is being conducted by U.S. Justice Department prosecutors, who are also coordinating with civil investigators at the U.S. Securities and Exchange Commission, the report added, citing a source.

Under Armour did not immediately respond to a request seeking comment outside regular business hours.

Last month, Under Armour said longtime Chief Executive Officer Kevin Plank was stepping down from the role next year, handing the reins of the sportswear maker to operations head Patrik Frisk, in an attempt to help battle brutal competition from Nike Inc and Adidas AG in the United States.

© 2026 Thomson/Reuters. All rights reserved.


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Under Armour Inc is being probed by U.S. federal law enforcement officials, examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier, the Wall Street Journal reported on Sunday.
under armour, law enforcement, probe, wsj
129
2019-29-03
Sunday, 03 November 2019 07:29 PM
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