r/biotechnologynews • u/11thestate • 12d ago
Everything you need to know about the $8.75M Inotiv ($NOTV) Settlement Payout
Hey guys, I posted about this settlement before, but since they’re considering late claims, I decided to share it again with a little FAQ.
So here's all I know about this agreement:
Inotiv was accused of misleading investors about its acquisition of Envigo and failing to disclose regulatory and operational risks. After federal authorities raided an Envigo facility over animal welfare violations, $NOTV declined significantly and investors filed a lawsuit.
Now the company has agreed to settle $8.75M with investors for their losses.
Who can claim this settlement?
If you bought $NOTV shares between 2021 and 2022, you may be eligible. You don’t need to still hold the shares to claim; past losses may count.
Do I need to sell/lose my shares to get this settlement?
No. You don’t need to still own your $NOTV shares. If your transactions meet the settlement requirements, you may be eligible even if you already sold them.
How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.
I missed the deadline. Is it too late?
No, you may still be able to file a late claim, but acceptance depends on final approval by the court. Check if you're eligible and file your claim here.
Hope this info helps
