An investigation for investors in Elanco Animal Health Incorporated (NYSE:ELAN) shares over potential securities laws violations by Elanco Animal Health Incorporated was announced.
San Diego, CA -- (SBWIRE) -- 08/30/2021 -- An investigation was announced concerning potential securities laws violations by Elanco Animal Health Incorporated in connection with certain financial statements.
Investors who purchased shares of Elanco Animal Health Incorporated (NYSE: ELAN), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Elanco Animal Health Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Greenfiled, IN based Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for companion and food animals.
Elanco Animal Health Incorporated reported that its annual Total Revenue rose from over $3.066 billion in 2018 to over $3.071 billion in 2019, and that its Net Income declined from $86.5 million in 2018 to $67.9 million in 2019.
On August 9, 2021, Elanco disclosed receipt of a U.S. Securities and Exchange Commission subpoena regarding its channel inventory and sales practices before mid-2020. Following this news, Elanco stock traded down over 16.09% on August 9, 2021.
Those who purchased shares of Elanco Animal Health Incorporated (NYSE: ELAN) have certain options and should contact the Shareholders Foundation.
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