New Orleans – (business wire)–Charles C. Foti, Jr., Esq., former Louisiana Attorney General and law firm partner of Kahn Swick & Foti, LLC (“KSF”), announced that KSF had launched an investigation into Inotiv, Inc. announced that it had (Nasdaq CM: NOTV).
On November 5, 2021, the Company completed its acquisition of Envigo RMS, LLC (“Envigo”) after months of discussions and due diligence reviews. However, since July 2021, Envigo’s Cumberland facility has been charged with multiple and repeated serious violations of the Animal Welfare Act (“AWA”) for the cruel and inhumane treatment of dogs used for scientific research. had been indicted. The violations culminated in a federal search warrant being executed at the facility on May 18, 2022, and on May 19, 2022, he was found guilty of AWA violations, culminating in a lawsuit filed by the U.S. Attorney General against Envigo. bottom. In particular, the Company failed to detect and/or remedy a series of violations by Envigo or to disclose the violations to shareholders during due diligence reviews and multiple inspections during the Envigo acquisition process.
The company and some of its executives have since been sued in a securities class action lawsuit, accused of failing to disclose material information during the class action period, and the lawsuit is ongoing.
KSF’s investigation will focus on whether Inotiv’s officers and/or directors have breached their fiduciary duty to shareholders or violated state or federal law.
If you have information that would be helpful to KSF’s investigation, or if you are a long-term holder of Inotiv stock and would like to discuss your legal rights, please call us toll-free at 1-877 without incurring any obligation or cost. . -515-1850 or email KSF Managing Partner Lewis Her Kahn at lewis.kahn@ksfcounsel.com or visit https://www.ksfcounsel.com/cases/nasdaqcm-notv/ for more information.
About Kahn Swick & Foti, LLC
Partnered with former Louisiana Attorney General Charles C. Foty Jr., KSF is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients, including public institutional investors, hedge funds, money managers and individual investors, seeking recovery of investment losses resulting from corporate fraud and fraud by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
For more information about KSF, please visit www.ksfcounsel.com.
