An investigation on behalf of current long term investors in Inotiv, Inc. (NASDAQ:NOTV) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/21/2022 -- An investigation was announced for long-term investors in shares of Inotiv, Inc. (NASDAQ: NOTV) concerning potential breaches of fiduciary duties by certain directors and officers of Inotiv, Inc.
Investors who are current long term investors in Inotiv, Inc. (NASDAQ: NOTV) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in Inotiv, Inc. (NASDAQ: NOTV stocks follows a lawsuit filed against Inotiv, Inc. (NASDAQ: NOTV over alleged securities laws violations. The investigation on behalf of current long term investors in Inotiv, Inc. (NASDAQ: NOTV stocks, concerns whether certain Inotiv, Inc. (NASDAQ: NOTV officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of Indiana the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose, that Envigo RMS, LLC ("Envigo") and Inotiv's Cumberland, Virginia facility (the "Cumberland Facility") engaged in widespread and flagrant violations of the Animal Welfare Act ("AWA"), that Envigo and Inotiv's Cumberland Facility continuously violated the AWA, that Envigo and Inotiv did not properly remedy issues with regards to animal welfare at the Cumberland Facility, that as a result, Inotiv was likely to face increased scrutiny and governmental action, that Inotiv would imminently shut down two facilities, including the Cumberland Facility, that Inotiv did not engage in proper due diligence, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Inotiv, Inc. (NASDAQ: NOTV) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.