UCLA Agrees to $67.5M Settlement with Under Armour

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Under Armour has agreed to pay UCLA $67,491,000 to resolve the school's lawsuit against the sports apparel giant, according to a document reviewed by The Los Angeles Times.

The settlement that was reached in late May ended a fractious dispute that started more than two years ago when Under Armour attempted to unilaterally terminate its record 15-year, $280 million contract with UCLA, prompting the university to sue the company for breaching its agreement, the Times reported.

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