Tuesday, March 31, 2020

Judge dismisses Under Armour shareholders' lawsuit over Port Covington dealings

A federal judge has dismissed a lawsuit against Under Armour Inc., its board of directors and Sagamore Development that alleged improprieties surrounding the planned redevelopment of Port Covington. Two shareholders filed separate federal lawsuits last year claiming former Under Armour CEO Kevin Plank used his position to benefit himself in pursuing the Port Covington project being developed by a team including Sagamore, Plank’s private real estate arm. The cases were consolidated and two internal…



from https://www.bizjournals.com/baltimore/news/2020/03/31/judge-dismisses-under-armour-shareholders-lawsuit.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/614130020253925376

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