Company that bred beagles for medical research agrees to pay record $35m fine for neglecting thousands of dogs at Virginia facility [Fortune]
Inotiv, Inc. (NOTV)
Company Research
Source: Fortune
Prosecutors said the penalties amount to the largest ever levied in an animal-welfare case. The plea deal also bars the company that operated the facility, Envigo RMS, as well as parent company Inotiv, from breeding or selling dogs in the future. The federal investigation of Envigo drew national attention in May 2022 when federal authorities conducted a search of the breeding facility in Cumberland County, Virginia, and found nearly 450 animals in acute distress. The company later agreed to relinquish all 4,000 beagles at the facility, which were sent around the country for adoption. U.S. Attorney for the Western District of Virginia Christopher Kavanaugh, whose office prosecuted the case, said Monday after a plea hearing at federal court in Charlottesville that Envigo and Inotiv “prioritized profits and convenience over following the law.” He said the company generated $16 million in revenue between 2019 and May 2022, when the search occurred, through the sale of 15,000 be
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NOTV
News
- Kaskela Law LLC Announces Shareholder Investigation of Inotiv, Inc. (NASDAQ: NOTV) and Encourages Long-Term NOTV Shareholders to Contact the FirmAccesswire
- Inotiv amends credit agreement and secures additional liquidity [Seeking Alpha]Seeking Alpha
- Inotiv, Inc. Amends Its Credit Agreement and Secures Additional LiquidityGlobeNewswire
- Inotiv to Participate in the 8th Annual Lake Street Best Ideas Growth ConferenceGlobeNewswire
- Inotiv Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
NOTV
Earnings
- 8/8/24 - Miss
NOTV
Sec Filings
- 9/19/24 - Form 8-K
- 8/15/24 - Form 4
- 8/14/24 - Form 4
- NOTV's page on the SEC website