4th Circuit Review Sought Of Dismissal Rulings In Under Armour Stock-Drop Suit

(January 10, 2020, 1:38 PM EST) -- RICHMOND, Va. — Parties in a securities class action lawsuit alleging that Under Armour Inc. and its CEO concealed the company’s decline in demand for its apparel in violation of federal securities laws recently asked a Fourth Circuit U.S. Court of Appeals panel to determine whether a federal district court erred in dismissing shareholder claims as time-barred and for failure to properly plead falsity and scienter (In re:  Under Armour Securities Litigation, No. 19-2032, 4th Cir.)....