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Under Armour Under Investigation By Justice Department

Under Armour is currently the subject of a federal accounting probe in which the Justice Department and Securities and Exchange Commission are examining how the company recorded revenue. Under review is whether the sportswear maker shifted sales from quarter to quarter to appear healthier, people familiar with the matter told The Wall Street Journal. Under Armour had three chief financial officers from 2016 to 2017.

Read the whole story at The Wall Street Journal »

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