Under Armour controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile3 entries
2020
Sales-timing and accounting investigation
Under Armour disclosed that the U.S. Securities and Exchange Commission had issued Wells Notices to the company and certain executives in connection with accounting revelations concerning the timing of sales recognized during 2015 and 2016. The matter created regulatory and reputational pressure during a period of broader operational challenges.
2019
Under Armour sues Cascade Armory over trademark
Lawsuit filed
In a trademark dispute, Under Armour filed a lawsuit against Cascade Armory, a family business, over the latter's name. The dispute centered on the use of the Cascade Armory name, which Under Armour challenged through legal action. The event was reported as a trademark lawsuit brought by Under Armour against the family-run business. No further details on the claims, the parties' arguments, or the outcome of the case were provided in the source.
Under Armour sued the family business Cascade Armory in a trademark dispute over its name.
Source excerpt
Retail giant Under Armour has sued a family business in a trademark dispute over its name Cascade Armory, officials said.
UCLA filed a lawsuit against Under Armour on Wednesday in U.S. District Court in Los Angeles for breach of contract, seeking damages in excess of $200 million..
The Regents of the University of California, on behalf of the Department of Intercollegiate Athletics on its Los Angeles campus (UCLA) has sued Under Armour for more than $200 million in damages. The complaint, filed in the U.S. District Court for the Central District of California, argues that a financially troubled Under Armour is seeking to avoid its financial responsibilities to UCLA and is using the COVID-19 pandemic as a pretext to cause an early termination to the parties’ sponsorship agreement.
2019
Federal investigation into Under Armour accounting practices
Investigation
Under Armour confirmed that federal authorities were investigating its accounting practices. The Wall Street Journal reported that investigators were examining whether the company manipulated sales figures; this was reported as an investigation, not a determination of wrongdoing. Under Armour said it had cooperated with the inquiries and believed its accounting practices and disclosures were appropriate.
Company response
Denial — Under Armour
We firmly believe that our accounting practices and disclosures were appropriate.
Source excerpt
We firmly believe that our accounting practices and disclosures were appropriate.
Under Armour shares plunged Monday, a day after the company confirmed that federal authorities are investigating its accounting practices, prompting some to question why it wasn’t disclosed before.
Officials are looking into whether the athletic footwear and apparel company manipulated its sales numbers to make them appear stronger, the Journal reported.