SETTLEMENT AGREEMENTSettlement Agreement • July 11th, 2024
Contract Type FiledJuly 11th, 2024This Settlement Agreement, dated as of July 12, 2024 (the “Stipulation” or the “Settlement Agreement”), embodies a settlement (the “Settlement”) made and entered into by and among the following Settling Parties: (i) lead plaintiff Aberdeen City Council as Administrating Authority for the North East Scotland Pension Fund (“Pension Fund” or “Lead Plaintiff” and, together with the members of the Class, “Plaintiffs”), on behalf of itself and each of the members of the Class, as defined in ¶¶1.3-1.4, infra, on the one hand, and (ii) defendants Under Armour, Inc. (“Under Armour” or the “Company”) and Kevin A. Plank (“Plank”) (together, “Defendants”), on the other hand, by and through their counsel of record in the above-captioned litigation (the “Action”) pending in the United States District Court for the District of Maryland (the “Court”).1 The Stipulation is intended by the Settling Parties to fully, finally, and forever compromise, resolve, discharge, dismiss