LOS ANGELES–(BUSINESS WIRE)–$ELAN #fraud—Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm continues its investigation on behalf of Elanco Animal Health Incorporated (“Elanco” or the “Company”) (NYSE: ELAN) investors concerning the Company and its officers’ possible violations of the federal securities laws.
If you suffered a loss on your Elanco investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, via email firstname.lastname@example.org or visit our website at www.glancylaw.com to learn more about your rights.
On May 7, 2020, Elanco announced its financial and operating results for the first quarter of 2020, reporting revenue of $657.7 million and earnings per share of -$0.12, below investors’ expectations. Elanco’s President and Chief Executive Officer attributed the disappointing results to “distributor performance,” among other things, and stated that Elanco planned “to tighten [its] approach across many facets of [its] distributor relationships.”
On this news, the Company’s share price fell $3.05 per share, or over 13%, to close at $19.88 per share on May 7, 2020, thereby injuring investors.
Whistleblower Notice: Persons with non-public information regarding Elanco should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email email@example.com.
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