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Elanco Animal Health to pay $15 million to settle SEC fraud case

- 11/12/2024

</head><body><p>(Reuters) - Elanco Animal Health agreed to pay a $15 million civil fine to settle U.S. Securities and Exchange Commission anti-fraud charges for misleading investors about its revenue growth and end-user demand, the regulator said on Tuesday.</p><p>The SEC said Elanco should have disclosed that between the first quarter of 2019 and the first quarter of 2020, it used sales incentives to achieve its revenue growth and caused distributors to buy goods in excess of then-existing demand.</p><p>When Elanco decided to stop offering the incentives, causing a $160 million revenue decline, it cited the uncertainty of the COVID-19 pandemic though the Greenfield, Indiana-based company had decided earlier to end the incentives, the SEC said.</p><p>Elanco did not admit or deny wrongdoing in agreeing to settle. It was spun off by Eli Lilly in 2018.</p><p/><p> (Reporting by Jonathan Stempel in New York)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/aging/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div> <!-- FOOTER --> <footer class="footer"> <!-- FOOTER INFO --> <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <p>The Network of Care is a comprehensive, Internet-based community resource for seniors and persons with disabilities, as well as their caregivers and service providers.</p> </div> <h3 id="lblTechAssistance" style="color: #fff; margin: 25px 0 5px;">For Technical Assistance:</h3> <ul class="list-styled list-contact"> <li><i class="fa fa-envelope" aria-hidden="true"></i><a href="mailto:admin@trilogyir.com?Subject=From Network of Care">admin@trilogyir.com</a></li> </ul> </div> </div> <div class="col-sm-3 col-xs-12"> <div class="useLink"> <ul class="list-unstyled"> <li><a href="/aging/services/index.aspx">Services</a></li> <li><a href="/aging/library/index.aspx">Library</a></li> <li id="footerLinks1PlaceHolder_agingFooterLegislate"><a href="/aging/legislate/index.aspx">Legislate</a></li> <li><a href="/aging/links/index.aspx">Links</a></li> </ul> </div> </div> <div class="col-sm-2 col-xs-12"> <div class="useLink"> <ul class="list-unstyled"> <li id="ucOtherSites_liVisitOtherSites"> <a href="#" id="btnOtherSites" data-toggle="modal" data-target="#otherSiteModal">Visit Our Other Sites</a> <div class="modal fade" id="otherSiteModal" tabindex="-1" role="dialog" aria-labelledby="otherSiteModalLabel"> <div class="modal-dialog" role="document"> <div class="modal-content"> <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="otherSiteModalLabel">Visit Our Other Sites</h4> </div> <div class="modal-body"> <div id="other-sites-footer" class="row"> <div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://alameda.nocbeta.org/mh/" class=""><img src="/images/home/products/mh.jpg" alt="Behavioral Health " class="img-responsive center-block"/> Behavioral Health </a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://alameda.nocbeta.org/veterans/" class=""><img src="/images/home/products/veterans.jpg" alt="For Veterans " class="img-responsive center-block"/> For Veterans </a></div><div class="col-sm-6 col-xs-12 text-center" style="height: 120px;"><a href="http://alameda.nocbeta.org/aging/" class="currentSite"><img src="/images/home/products/aging.jpg" alt="Seniors and People with Disabilities " class="img-responsive center-block"/> Seniors and People with Disabilities </a></div> </div> </div> <div class="modal-footer"> <button type="button" class="btn btn-default" data-dismiss="modal">Close</button> </div> </div> </div> </div> </li> <li><a href="/aging/about/">About Us</a></li> <li><a href="/aging/feedback.aspx">Feedback</a></li> <li><a href="/aging/privacy.aspx">Privacy Policy</a></li> <li id="footer-widgets"><a href="/aging/services/widget.aspx">Add This Service Directory to Your Website</a></li> </ul> </div> </div> </div> </div> </div> <!-- COPY RIGHT --> <div class="clearfix copyRight"> <div class="container"> <div class="row"> <div class="col-xs-12"> <div class="copyRightWrapper"> <div class="row"> <div class="col-sm-5 col-sm-push-7 col-xs-12"> <!-- Go to www.addthis.com/dashboard to customize your tools --> <div class="addthis_inline_share_toolbox_es1d"></div> </div> <div class="col-sm-7 col-sm-pull-5 col-xs-12"> <div class="copyRightText"> <p>Copyright ©<span id="copyrightYear">2025</span> Network of Care - 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