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Under Armour has been interested in redevelopment opportunities in the Port Covington area since before the 2008 financial crisis.  (The Daily Record / Maximilian Franz)
Under Armour has been interested in redevelopment opportunities in the Port Covington area since before the 2008 financial crisis. (The Daily Record / Maximilian Franz)

Shareholder lawsuit challenges Under Armour stock split

Three days after Under Armour announced a proposed change in its stock structure, a shareholders' lawsuit was filed seeking to prevent the plan from proceeding. The potential class-action lawsuit, filed Thursday in Baltimore City Circuit Court, alleges the change will "entrench" founder and CEO Kevin A. Plank even if "his performance in office begins to deteriorate." The ...

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