Kevin Plank

Under Armour investor sues Kevin Plank over Port Covington deal in South Baltimore

Under Armour investor sues Kevin Plank over Port Covington deal in South Baltimore

An Under Armour investor sued company founder Kevin Plank in federal court, accusing him of breaching his fiduciary duty to the company and shareholders and unjustly enriching himself through his Port Covington development, hundreds of acres along the Patapsco River in South Baltimore slated to become a $5.5 billion mini-city and Under Armour’s global headquarters.

Patricia Mioduszewski, a shareholder from New Jersey, filed the suit in U.S. District Court in Baltimore on behalf of the sports apparel brand, also naming two board members and Under Armour as defendants. She alleges that Plank profited from the sale of land to Under Armour and that millions of dollars in tax...

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