Judge: SEC Order Supports Securities Class Claims Against Under Armour

Mealey's (May 19, 2021, 12:49 PM EDT) -- BALTIMORE — A federal judge in Maryland on May 18 ruled that a Securities and Exchange Commission order instituting cease-and-desist proceedings against Under Armour Inc. and its former CEO for violating federal securities laws provides necessary support to investors in a related securities class action to allow their federal securities law claims against the clothing company over its alleged involvement in a channel-stuffing scheme to proceed....