Settlement Secured: Under Armour $434M Victory for Pension Fund Workers
Aberdeen, Scotland – Lawyers representing a pension fund for workers in three Scottish councils have successfully secured a $434 million settlement from US sportswear company Under Armour. The North East Scotland Pension Fund (NESPF), which oversees a scheme for 71,000 workers from Aberdeen, Aberdeenshire, and Moray councils, accused Under Armour of making false statements about its products, resulting in financial losses for investors. The settlement, still pending court approval, comes just before a jury trial …