UCLA Sues

From the LA Times: UCLA has filed a lawsuit against Under Armour that seeks more than $200 million in damages, alleging the apparel company defrauded the school by embellishing its financial standing before luring the Bruins into a record $280-million contract that it breached by failing to make scheduled payments or deliver its product as promised.

The lawsuit, filed Wednesday in a California division of United States District Court, comes two months after Under Armour informed UCLA that it was terminating the 15-year contract the parties agreed to in 2016 that represented the largest apparel sponsorship deal in the history of college sports. Under Armour attempted to back out less than three years into the deal, with more than $200 million left to be paid...

Full story at https://www.latimes.com/sports/ucla/story/2020-08-26/ucla-sues-under-armour-for-more-than-200-million-breach-of-contract