Navigators Insurance Company v. Under Armour, Incorporated

  1. January 20, 2026

    4th Circ. Caps Under Armour's Insurance Coverage At $100M

    Under Armour's public financial forecasts and its accounting practices are a single claim under its insurers' excess policy language because they are "logically or causally related," the Fourth Circuit found Tuesday, overturning a trial court's ruling and capping the sportswear company's coverage at $100 million.

  2. October 22, 2025

    4th Circ. Seems Wary Of Under Armour's $100M Coverage Win

    The Fourth Circuit didn't seem convinced Wednesday that it should affirm a lower court's finding that government investigations into Under Armour are unrelated to a securities class action against the sportswear company and thus trigger an additional $100 million in directors and officers coverage from Under Armour's excess insurers.

  3. October 20, 2025

    4th Circ. Preview: Insurance, Trans Policy, Legal Aid Access

    The Fourth Circuit's second session of the year will have judges weigh in on multimillion-dollar insurance fights, including whether claims related to Under Armour's yearslong securities fraud scheme are "connected," and parsing whether a subcontractor's insurance policy stretches to a primary contractor.