Press release
Investigation announced for Investors in shares of Inotiv, Inc. (NASDAQ: NOTV)
An investigation for investors in Inotiv, Inc. (NASDAQ: NOTV) shares over potential securities laws violations by Inotiv, Inc.
Investors who purchased shares of Inotiv, Inc. (NASDAQ: NOTV), 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 focuses on whether a series of statements by Inotiv, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
West Lafayette, IN based Inotiv, Inc. provides drug discovery and development services to the pharmaceutical, chemical, and medical device industries; and sells analytical instruments to the pharmaceutical development and contract research industries. Inotiv, Inc reported that its Total Revenue rose from $60.46 million to $89.6 million for the 12 months period that ended on September 30, 2020, and that its Net Loss over those respective time periods increased from $1.49 million to $1.68 million.
According to Seeking Alpha, on May 23, 2022, it was disclosed that a DOJ-backed lawsuit was initiated against a subsidiary of Inotiv, Inc. The legal action is for alleged violations of animal welfare.
Shares of Inotiv, Inc (NASDAQ: NOTV) declined from $19.01 per share on May 18, 2022, to as low as $11.87 per share on May 23, 2022.
Those who purchased shares of Inotiv, Inc. (NASDAQ: NOTV) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.
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