LOS ANGELES — A six-year saga that started with smiles and handshakes ended with a sterile settlement document, Under Armour agreeing to pay UCLA $67.491 million to resolve the school's lawsuit against the sports apparel giant, according to a document reviewed by The 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. UCLA initially sought more than $200 million in damages as part of the lawsuit that the school on Thursday requested to be dismissed from Los Angeles Superior Court.
The squabbling escalated last fall when Under Armour filed a countersuit, alleging that UCLA was being vindictive when it covered the company logo with social justice patches on the jerseys of football, baseball, men's basketball and women's basketball players. That allegation has also been dropped as part of the settlement.
