Under Armour faces U.S. federal probe over accounting practices: WSJ

Under Armour Inc (UAA.N) is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday. The Baltimore-based company confirmed that it is under investigation and is cooperating with the Justice Department and U.S. Securities and Exchange Commission. It also defended its accounting practices and disclosures. The Journal, citing unnamed sources, said in its report here that a criminal inquiry is being conducted by Justice Department prosecutors, who are also coordinating with civil investigators at the SEC.

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