NEW YORK, July 26, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Inotiv, Inc. ("Inotiv” or the "Company") (NASDAQ: NOTV). A complaint has been filed on behalf of investors who purchased Inotiv securities between September 21, 2021 and June 13, 2022.
On May 20, 2022 after market hours, Inotiv disclosed that on 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 the Company’s Cumberland, Virginia facility and that subsequently on May 19, 2022, the DOJ filed a complaint alleging violations of the Animal Welfare Act at that facility. On May 23, 2022, the first trading day following this news, Inotiv’s stock plummeted $5.19 per share, over 28%, to close at $13.14 per share.
On June 13, 2022 after market hours, Inotiv issued a press release announcing the closure of two facilities, including the facility in Cumberland, Virginia. Following this news, Inotiv shares fell about 2% on June 14, 2022 to close at $12.78 per share.
If you are a member of the proposed Class, you may move the court no later than August 22, 2022 to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you would like to discuss the complaint or our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey. With over 35 years of experience in complex litigation Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this Notice, your rights, or your interests, please contact:
Frederic S. Fox
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: ffox@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
