NEW ORLEANS, May 22, 2020 / PRNewswire / – Kahn Swick & Foti, LLC (“KSF”) and partner of KSF, former attorney general of Louisiana, Charles C. Foti, Jr., remind investors that they have up to July 20, 2020 file principal complainant claims in a securities class action against Elanco Animal Health Incorporated (NYSE: ELAN), if they purchased the Company’s securities between January 10, 2020 and May 6, 2020, included (the “Class Period”). This action is pending in United States South District District Court Indiana.
What you can do
If you have purchased securities from Elanco and wish to discuss your legal rights and how this matter may affect you and your right to recover for your economic loss, you may contact us without obligation or charge no charge or no charge KSF Managing Partner Lewis Kahn. at 1-877-515-1850 or by email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-elan/ for more information. If you wish to act as the principal plaintiff in this class action, you must file a motion with the Court by July 20, 2020.
About the trial
Elanco and some of its executives are accused of failing to disclose important information during the appeal period, in violation of federal securities laws.
Sure May 7, 2020, before marketing, the Company published disappointing financial results in 1Q2020, $ 657.7 million and earnings per share of –$ 0.12, reflecting “a reduction of about $ 60 million in channel stocks “partly because of” the performance of distributors “and which the Company planned” to tighten [its] approach through many facets of [its] relationships with distributors. “
On this news, Elanco’s share price fell by more than 13%, to close at $ 19.88 per action on May 7, 2020, on an unusually high transaction volume.
The case is Hunter v. Elanco Animal Health Incorporated, et al., N ° 20-cv-01460.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the leading law firms specializing in securities litigation in the country. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or embezzlement by listed companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Management partner
1100, rue Poydras, office 3200
New Orleans, LA 70163
SOURCE Kahn Swick & Foti, LLC