Washington Post

Under Armour founder sold $138 million in stock during time period company allegedly misled investors about slowing sales

Under Armour is asking the judge to dismiss the case. Foto: Jyllands-Posten

Kevin Plank gushed about his business on a call with Wall Street analysts in October 2015.

Under Armour, the sports apparel maker Plank founded two decades earlier in the basement of his grandmother's D.C. townhouse, had grown into a global juggernaut, he said, securing endorsements with some of the world's biggest sports stars, amassing data on millions of fitness app users and growing sales more than 20 percent every quarter for more than five years...

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