GlobeNewswire Inc | Jul 20, 2020 08:05AM EDT

July 20, 2020

PHILADELPHIA, July 20, 2020 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Elanco Animal Health Incorporated (Elanco or the Company) (NYSE: ELAN) to determine whether Elanco may have violated federal securities laws.

Investors who purchased, or otherwise acquired, securities of Elanco between January 10, 2020 and May 6, 2020, both dates inclusive (the Class Period), and suffered losses greater than $100,000 are encouraged to complete Kehoe Law Firms Securities Class Action Questionnaire or contact Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, securities@kehoelawfirm.com, to discuss the investigation or potential legal claims.

According to a class action lawsuit filed on behalf of Elanco investors, defendants, allegedly, made materially false and/or misleading statements and/or failed to disclose that: (1) after consolidating its distributors from eight to four, Elanco increased the amount of inventory, including companion animal products, held by each distributor; (2) Elancos distributors were not experiencing sufficient demand to sell through the inventory; (3) Elancos revenue was reasonably likely to decline; (4) as a result of the foregoing, Elanco would reduce its channel inventory with respect to companion animal products; and (5) as a result of the foregoing, defendants positive statements about Elancos business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

IF YOU WISH TO SERVE AS LEAD PLAINTIFF, YOU MUST MOVE THE COURT NO LATER THAN JULY 20, 2020. To be a member of the class action, you do not need to take any action at this time; you may retain counsel of your choice; or you can take no action and remain an absent member of the class action. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel, unless you retain an attorney. An investors ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiffside law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion dollars on behalf of institutional and individual investors.

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