On September 12, 2022, the Honorable Philip P. Simon of the U.S. District Court for the Northern District of Indiana appointed Berman Tabacco as sole Lead Counsel in the securities class action lawsuit against Inotiv, Inc. and certain of its executive officers. The action was brought on behalf of all persons who acquired the common stock of Inotiv during the period September 21, 2021 and June 13, 2022. The Order further appointed Berman Tabacco’s client, Oklahoma Police Pension and Retirement System, as Lead Plaintiff.
The complaint alleges that defendants made materially false and misleading statements and/or material omissions concerning the company’s business, operations, and regulatory compliance policies, specifically related to its acquisition of Envigo RMS, LLC and the existence of widespread violations of federal animal welfare regulations at an Envigo dog breeding facility located in Cumberland, Virginia that led the U.S. Department of Justice to take action to rescue more than 4,000 animals and led to the shuttering of the facility.
The case is: In re Inotiv, Inc. Securities Litigation, No. 4:22-cv-00045-PPS-JEM (N.D. Ind.). The litigation team includes Patrick T. Egan, Steven J. Buttacavoli, and Christina L. Gregg from the Boston office.