Elanco (ELAN) Faces Federal Lawsuit Over Alleged Misrepresentation of Zenrelia's Safety Profile - Hagens Berman
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Elanco Animal Health Inc. is facing a federal lawsuit for allegedly misrepresenting the safety profile of its product Zenrelia. The lawsuit, filed in the U.S. District Court of Maryland, accuses Elanco and specific executives of making false statements between November 2023 and June 2024. Investors who suffered losses are encouraged to report them.
November 07, 2024 | 1:30 am
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Elanco Animal Health Inc. is facing a federal lawsuit for allegedly misrepresenting the safety profile of Zenrelia, potentially impacting investor confidence and stock prices.
The lawsuit against Elanco for alleged misrepresentation of Zenrelia's safety profile is likely to negatively impact investor confidence, leading to potential short-term stock price declines. Legal issues often result in increased scrutiny and uncertainty, which can drive stock prices down.
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