Tags:

Inotiv, Inc.


A securities class action has been filed against Inotiv, Inc. (NOTV) on behalf of persons or entities who purchased or otherwise acquired publicly traded Inotiv securities between September 21, 2021 through June 13, 2022.  This case has been filed in the USDC – N.D. IN.

On May 20, 2022, Inotiv disclosed in a filing with the U.S. Securities and Exchange Commission that “[o]n May 18, 2022, the U.S. Department of Justice (‘DOJ’), together with federal and state law enforcement agents, executed a search and seizure warrant on” a Cumberland, Virginia facility of Inotiv’s subsidiary Envigo RMS, LLC (“Envigo”). Inotiv further disclosed that “[o]n May 19, 2022, a complaint was filed against Envigo in the U.S. District Court for the Western District of Virginia. The complaint is a civil action by DOJ alleging violations of the Animal Welfare Act at the Cumberland, Virginia facility. The complaint seeks declaratory and injunctive relief and costs.”

On this news, Inotiv’s stock price fell $5.19 per share, or 28.31%, to close at $13.14 per share on May 23, 2022.

Tags:

Securities