Under Armor Agrees to Pay $434 Million to Settle Lawsuit Alleging Sales Manipulation

If approved by the court, the settlement will be one of the 50 largest class action recoveries in American history, according to the plaintiffs’ law firm.

Under Armour shoes are displayed at a Dick's Sporting Goods store on May 16, 2024 in Petaluma, California. Photo by Justin Sullivan/Getty Images

Sports apparel manufacturer Under Armour has agreed to pay $434 million to settle a class action lawsuit alleging the company manipulated sales data.

The lawsuit, originally filed in 2017, accused Under Armour of “falsely claiming that consumer demand for the Company’s products was strong between the third quarter of 2015 and the fourth quarter of 2016 when in reality demand was in decline,” according to the court notice.