UCLA gets more than $67 million from Under Armour in settlement

SANTA MONICA — Under Armour Inc. agreed to pay UCLA more than $65 million to settle dueling litigation that started when the university sued the company, alleging the firm wrongfully reneged on its $280 million sports apparel deal with the school in 2020 due to fallout from the coronavirus pandemic.

“The parties acknowledge and agree that each party’s obligations under the sponsorship agreement, to the extent any survived Under Armour’s termination, have terminated as of June 22,” the settlement agreement further states.A lawyer for the UC Regents, acting on behalf of UCLA, filed court papers with Santa Monica Superior Court Judge H. Jay Ford III on Wednesday asking that all litigation be dismissed “with prejudice,” meaning it cannot be refiled.

The UC Regents sued Baltimore-based Under Armour in September 2020, alleging that Under Armour told UCLA it was invoking a clause in the agreement due to the coronavirus pandemic to terminate the contract.

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Under Armour to pay UCLA $67.5M in settlement of termination of apparel sponsorship dealUCLA and Under Armour have reached agreement on a settlement, with the apparel company agreeing to pay $67.5 million for terminating a sponsorship deal with the school.
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