Securities regulators have warned Under Armour Inc., 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.
Under Armour said the Securities and Exchange Commission had sent Wells Notices on July 22 to the company, Mr. Plank and finance chief David Bergman. The notices relate to the company’s disclosures around its accounting in 2015 and 2016 and “pull forward” sales during those periods.
glad i sold UA months ago while i had a profit. 🍀
Wow they cheat on their accounting and still can't make a profit.
Civil? Why not criminal.,
Old story?
It'd be a real shame is Under Armour were held accountable for their use of slave labor in China. Just imagine the accounting practices that comes along with not paying your workers because you know the Chinese government will kill them if they don't work for you for free.
Govt wants their pound of flesh
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