Inotiv's Envigo Pleads Guilty Over Its Mistreatment Of Beagles; Envigo Will Pay Total Of $35M In Fines And Funds For Environmental And Animal Welfare Causes
Portfolio Pulse from Benzinga Newsdesk
Inotiv's subsidiary Envigo has pleaded guilty to mistreatment of beagles and will pay a total of $35 million in fines and funds for environmental and animal welfare causes.
June 03, 2024 | 4:43 pm
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Inotiv's subsidiary Envigo has pleaded guilty to mistreatment of beagles and will pay $35 million in fines and funds for environmental and animal welfare causes. This legal issue could negatively impact Inotiv's stock in the short term due to potential reputational damage and financial penalties.
The guilty plea and the $35 million in fines and funds for environmental and animal welfare causes are likely to have a negative short-term impact on Inotiv's stock. The financial penalties and potential reputational damage could lead to a decrease in investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100