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Lawsuit for Investors in Elanco Animal Health Incorporated (NYSE: ELAN) shares announced by Shareholders Foundation

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SAN DIEGO, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: ELAN shares.

Investors, who purchased shares of Elanco Animal Health Incorporated (NYSE: ELAN) prior to January 2020 and continue to hold any of those NYSE: ELAN shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

A lawsuit was filed on May 20,2020, against Elanco Animal Health Incorporated over alleged Securities Laws Violations. The plaintiff alleges that 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 Elanco Animal Health Incorporated (NYSE: ELAN) shares should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.