Inotiv Investor Alert: Kaplan Fox Investigates Potential Securities Fraud at Inotiv Inc. Following DOJ Search and Seizure

Globe Newswire 25-May-2022 5:01 PM

NEW YORK, May 25, 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).

On May 20, 2022 after market, 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

If you purchased or otherwise acquired Inotiv securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. If you have any questions about this investigation, 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