4th Circuit Rejects Under Armour’s Request To Rehear D&O Liability Coverage Suit

Mealey's ( February 20, 2026, 2:16 PM EST) -- RICHMOND, Va. — A Fourth Circuit U.S. Court of Appeals panel denied Under Armour Inc.’s petition to rehear its reversal of a Maryland federal court’s grant of the petitioner’s motion for judgment on the pleadings in its directors and officers liability insurers’ lawsuit seeking a declaration that they owe no coverage for underlying investigations brought by the U.S. Securities and Exchange Commission and the U.S. Department of Justice, shareholder demand letters and a securities class action, after the petitioner contended that “rehearing is exceptionally important because of the strong public policy interest in settlement.”...