Settlement Announced for Inotiv, Inc. Securities Class Action
Berman Tabacco has recently revealed a settlement related to a federal securities class action lawsuit involving Inotiv, Inc. This legal case specifically addresses purchasers of Inotiv’s common stock who made transactions between September 21, 2021, and May 20, 2022. The total settlement amount is proposed to be $8,750,000, which aims to resolve all claims raised in the litigation.
If you are an individual who (A) acquired Inotiv, Inc. common stock during that specified time frame, or (B) held stock as of October 4, 2021, and were entitled to vote during the November 4, 2021, special shareholder meeting regarding Inotiv’s acquisition of Envigo RMS, it is crucial that you pay attention to this notice, as it may affect your legal rights. A federal court has authorized this notice, indicating it is important for stakeholders to understand the implications of the settlement.
To qualify for potential cash benefits, affected individuals are required to complete a Claim Form by the deadline of March 2, 2026. The settlement website,
www.InotivSecuritiesSettlement.com, provides more detailed instructions and resources for filing claims or understanding options available under this settlement.
The case, titled
In re Inotiv, Inc. Securities Litigation (No. 422-cv-00045-PPS-JEM), has reached a significant juncture with this proposed settlement. Should the court approve it during the Final Approval Hearing scheduled for January 27, 2026, all claims will be resolved, bringing closure to the litigation for Class Members.
This Settlement Agreement allows Class Members to review their options carefully. Those eligible can choose to remain in the Settlement Class and file a claim, opt out entirely, or raise objections to the settlement terms. The appointed Lead Counsel has indicated a request for up to 25% of the settlement amount in attorneys’ fees and will also request costs not exceeding $127,500. However, the final decision regarding these amounts rests with the court.
Additionally, if you decide to attend the Final Approval Hearing in person to voice any objections regarding the settlement or associated attorney fees, you must submit a written objection before the January 6, 2026, deadline. It’s important to follow the submission guidelines as outlined in the detailed notice provided on the settlement website.
If you are impacted by this settlement, further information is readily available online or via direct contact with the Claims Administrator at (888) 788-4204. Remember, the claims filing deadline of March 2, 2026, approaches, so ensure timely actions to secure your rights.
In summary, this settlement represents a significant resolution for those who invested in Inotiv, Inc. stock during the stipulated timeframe and reflects the legal system's efforts to address grievances in securities transactions. Be proactive in understanding and navigating your options in light of this class action settlement.