Berman Tabacco is sole Lead Counsel representing Oklahoma Police Pension and Retirement System in a securities fraud class action lawsuit against Inotiv, Inc. (“Inotiv”) and certain of its executive officers on behalf of all persons who (1) purchased or acquired publicly traded Inotiv securities between September 21, 2021 and May 26, 2022, inclusive (the “Section 10(b) Class”); and/or (2) held Inotiv common stock as of November 4, 2021 and were entitled to vote at a special meeting of shareholders (the “Section 14(a) Class”). The Section 10(b) Class claims focus on Defendants’ alleged materially false and misleading statements and omissions concerning the Company’s business, operations, and regulatory compliance policies, specifically as related to its acquisition of Envigo RMS, LLC (“Envigo”) and the alleged existence of flagrant violations of federal animal welfare regulations at an Envigo dog breeding facility located in Cumberland, Virginia that led the U.S. Department of Justice, with federal and state law enforcement agents, to conduct a search and seizure, which eventually led to the rescue of more than 4,000 animals and shuttering of the Cumberland Facility. The Section 14(a) Class claims focus on Defendants’ material misrepresentations and omissions in Proxy Materials concerning Envigo’s dog breeding facility, as well as Proxy misrepresentations and omissions concerning material threats to Envigo’s research primate importing business.
On March 29, 2023, the Honorable Philip P. Simon of the U.S. District Court for the Northern District of Indiana denied the Defendants’ motion to dismiss.