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LOS ANGELES, May 23, 2022 (GLOBE NEWSWIRE) — Portnoy Law Firm advises investors of Inotiv, Inc (“Inotiv” or the “Company”) (NASDAQ: NOTV) that the law firm has opened a investigation on behalf of investors who lost money on their Inotiv shares. Investors in Inotiv are encouraged to contact the company to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone at 844-767-8529 or by email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss options for investors to pursue claims to recover their losses.
On May 23, 2022, Inotiv disclosed that the U.S. Department of Justice (DOJ) filed a civil lawsuit against a subsidiary, Envigo, of Inotiv, alleging animal welfare law violations at its Cumberland facility, in Virginia. In a regulatory filing, Inotiv said the DOJ executed a search and seizure warrant on the facility on May 18, 2022. Shares of the company fell significantly on the news.
News of the DOJ complaint follows two previous investigations: From July 2021 to March 2022, one of Envigo’s U.S. facilities was repeatedly inspected by the USDA, which issued inspection reports concluding failure to comply with certain USDA laws. and regulations. And, on June 15, 2021, Envigo Global Services Inc., a subsidiary of the company acquired in the Envigo acquisition, received a grand jury subpoena requested by the U.S. Attorney’s Office for the Southern District of Florida for the production of documents related to the acquisition of Envigo. purchases of non-human primates from foreign suppliers.
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Lesley F. Portnoy, Esq.
Admitted to the CA and NY Bar