Press release
Deadline on July 20, 2020 coming up in Lawsuit for Investors in Elanco Animal Health Incorporated (NYSE: ELAN)
A Deadline is coming up on July 20, 2020 in the lawsuit for certain investors in Elanco Animal Health Incorporated (NYSE: ELAN).
Investors who purchased shares of Elanco Animal Health Incorporated (NYSE: ELAN) have certain options and there are strict and short deadlines running. Deadline: July 20, 2020. NYSE: ELAN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of Indiana the plaintiff alleges on behalf of purchasers of Elanco Animal Health Incorporated (NYSE: ELAN) common shares between January 10, 2020 and May 6, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 10, 2020 and May 6, 2020, the Defendants failed to disclose to investors that, after consolidating its distributors from eight to four, the Company increased the amount of inventory, including companion animal products, held by each distributor, that Elanco’s distributors were not experiencing sufficient demand to sell through the inventory, that, as a result, the Company’s revenue was reasonably likely to decline, that, as a result of the foregoing, Elanco would reduce its channel inventory with respect to companion animal products, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Elanco Animal Health Incorporated (NYSE: ELAN) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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