The FTC has announced penalties in two separate enforcement actions totaling almost $2 million for alleged violations of the HSR Act. The matters: U.S. v. Clarence L. Werner c/o Werner Enterprises, Inc.; and U.S. v. Biglari Holdings Inc. include claims of failures to file notification under the HSR Act and
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District Court Takes Judicial Notice of SEC Order in Denying Motion to Dismiss Shareholder Claims
By Jake R. Butwin on
In our previous post, Under Armour Inc. Pulls Sales Forward, SEC and Stockholders Push Back, we discussed Under Armour Inc.’s recent settlement with the SEC, under which Under Armour agreed to pay $9 million for alleged violations of federal securities laws. While that settlement marked the end of…
Under Armour Inc. Pulls Sales Forward, SEC and Stockholders Push Back
By Genesis Sanchez Tavarez on
As the culmination of an SEC investigation into Under Armour Inc.’s “pull forward” practice leads to charges, Under Armour agrees to cease and desist and settles for $9 million.
Following an investigation dating back to 2015, the SEC claimed Under Armour misled investors by not disclosing the reason for…