If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
(Updated - June 24, 2024 12:03 PM EDT)
The shareholder lawsuit accused the apparel maker and CEO Kevin Plank of intentionally misleading them about the company's financial health. In 2021, the Baltimore-based company had agreed to pay $9 million to settle Securities and Exchange Commission (SEC) charges that it misled investors about its revenue growth. Mark Solomon, lead counsel for the shareholders and a partner at litigation firm Robbins Geller Rudman & Dowd, called the proposed settlement an "important win" that underscored the key role of pension funds in holding companies accountable.