The North East Scotland Pension Fund has reached a significant $434m settlement with Under Armour after accusing the sportswear company of misleading statements about its products. Acting as the lead plaintiff in a class action lawsuit, the fund represents 71,000 workers from three Scottish councils. The settlement, pending court approval, comes as a major victory for investors, with the firm's legal counsel emphasizing the importance of holding companies accountable for misconduct. This outcome, almost 50 times greater than previous enforcement efforts, reinforces the role pension funds play in corporate oversight. The fund's decision to pursue legal action demonstrates its commitment to stewardship, ensuring accountability and protecting investor interests. The settlement marks a substantial win for the pension fund and serves as a message to all public companies about the consequences of deceptive practices.