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NOTV.US

id: 1742

Inotiv ($NOTV) $8.75M Investor Settlement

Late claims are being considered for compensation, subject to approval.

$8,750,000

Cash Settlement

N.D. Indiana

Court

4:22-cv-00045

Case number

09/21/2021

Class period Start

05/20/2022

Class period End

03/02/2026

Claim deadline

Inotiv has agreed to an $8.75M settlement with $NOTV investors to resolve claims that it misled them over the company’s acquisition of Envigo and failed to disclose related regulatory and operational risks.

Outline:

Inotiv acquired Envigo while investors say serious compliance issues at a major facility were not disclosed. The claims focused on animal welfare violations and related regulatory risks tied to the acquisition. After federal authorities raided the facility and Inotiv later announced its closure, $NOTV declined significantly. Investors filed suit and the company later agreed to an $8.75 million settlement.

Timeline:

September 21, 2021: Inotiv announced its acquisition of Envigo.
November 4, 2021: The merger was approved by shareholders.
May 20, 2022: Federal authorities raided Envigo’s facility citing animal welfare violations.
May 23, 2022: $NOTV fell as the fallout from the raid became public.
September 2025: Inotiv agreed to an $8.75 million cash settlement.

Background:

Inotiv is a pharmaceutical and biotechnology research company that acquired Envigo RMS Holding Corp. in a transaction announced in September 2021 and approved by shareholders in November 2021. Envigo operated facilities that bred and sold animals for research purposes, a business subject to regulation under the Animal Welfare Act.

Investors later alleged that one of Envigo’s largest facilities, located in Cumberland, Virginia, had ongoing animal welfare problems and had been cited for numerous violations. According to the allegations, those issues included inadequate veterinary care, unsanitary conditions, and excessive animal deaths.

Shareholders alleged that Inotiv failed to disclose these regulatory and operational risks in public filings and investor communications before and after the merger. Investors claimed the company did not provide an accurate picture of the liabilities tied to the Envigo acquisition.

On May 20, 2022, federal authorities, including the Department of Justice, USDA, and local law enforcement, raided the Cumberland facility and seized more than 4,000 beagles due to inhumane conditions. Inotiv later announced it would permanently close the facility, and investors alleged these events revealed risks that should have been disclosed earlier.

What Can Investors Expect Now?

Inotiv agreed to an $8.75 million settlement with $NOTV investors to resolve claims tied to its acquisition of Envigo and related regulatory and operational risks.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.

Case Type

US Securities Class Action

Case Status

Accepting Late Claims

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.47

Filing date

06/23/2022

Plaintiffs

Oklahoma Police Pension and Retirement System

Defendants

Robert W. Leasure, Jr.; Beth A. Taylor; John E. Sagartz

Administrator

Angeion

Court hearing date

01/27/2026

Exclusion deadline

01/06/2026

Objection deadline

01/06/2026

Attorney fee

$2,307,500

Trades matching type

FIFO

Frequently Asked Questions

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