Company: NOTV
Filing Date: 2025-02-18
Form Type: 8-K
Source: 0001628280-25-005907
Chunk: 0

Company: Inotiv, Inc.
Filing Date: 2025-02-18
Form: 8-K
Item: Item 8.01
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Item 8.01. Other Events.

On February 14, 2025, Inotiv, Inc. (the “ Company”) (through two of its subsidiaries) entered into a Settlement Agreement (the “ Settlement Agreement”) with Freese and Nichols, Inc. ("FNI") to settle a lawsuit that the Company had filed against FNI, related to, among other things, FNI’s failure to design an adequately sized lagoon to dispose of the current wastewater and wastewater from expanded operations at the Company’s location in Alice, Texas.

The Settlement Agreement provides that the parties fully resolve all claims set forth in such lawsuit, without any admission of liability, and that FNI will pay the Company $7,550,000 within 30 days following the date of the Settlement Agreement.