NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of against Elanco Animal Health Incorporated (NYSE: ELAN) and United Parcel Service, Inc. (NYSE: UPS). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Elanco Animal Health Incorporated (NYSE: ELAN)
Class Period: November 7, 2023 - June 26, 2024
Lead Plaintiff Deadline: December 6, 2024
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Zenrelia was less safe than the Company had led investors to believe; (2) Elanco was unlikely to meet its own previously issued timeline for the U.S. approval and commercial launch of both Zenrelia and Credelio Quattro; (3) accordingly, the Company's business and/or financial prospects were overstated; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times.
For more information on the Elanco class action go to: https://bespc.com/cases/ELAN
United Parcel Service, Inc. (NYSE: UPS)
Class Period: January 30, 2024 - July 22, 2024
Lead Plaintiff Deadline: December 9, 2024
The Complaint alleges that Defendants provided investors with material information concerning UPS' expected revenue and adjusted operating margin for the fiscal year 2024. Specifically, the Complaint alleges that Defendants' statements included, among other things, confidence in the Company's volume growth, price discipline, cost execution, and its overall ability to handle volume variabilities. Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of UPS' growth; notably, that it was not truly equipped to handle a surge in volume in lower-profit services without seeing a significant decline in their operating margins. The Complaint continues to allege that such statements absent these material facts caused shareholders to purchase UPS' securities at artificially inflated prices.
For more information on the UPS class action go to: https://bespc.com/cases/UPS
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
