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Neogen Corporation investors sue over alleged securities fraud from Jan 2023 to June 2025.
ByAinvest
Tuesday, Aug 26, 2025 8:55 am ET1min read
A class action lawsuit has been filed against Neogen Corporation (NASDAQ: NEOG) alleging securities fraud between January 5, 2023 and June 3, 2025. The lawsuit seeks to recover losses on behalf of investors who were adversely affected by alleged false and misleading statements regarding the integration with the Food Safety Division of the 3M Company. Investors may contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500 for more information.
A class action lawsuit has been filed against Neogen Corporation (NASDAQ: NEOG), alleging securities fraud between January 5, 2023 and June 3, 2025. The lawsuit, represented by Levi & Korsinsky, LLP, seeks to recover losses on behalf of investors who were adversely affected by alleged false and misleading statements regarding the integration with the Food Safety Division of the 3M Company [1].The complaint alleges that Neogen Corporation made materially false and misleading statements about the progress of the integration with 3M, leading investors to believe that the process was proceeding smoothly. When Neogen was forced to reveal inefficiencies and negative impacts of the integration, it downplayed these issues and assured investors that they were committed to resolving them quickly [2].
Key dates and events highlighted in the complaint include:
- January 10, 2025: Neogen revealed significant negative GAAP net income due to a $461 million non-cash goodwill impairment charge related to the 3M acquisition, leading to a 5% stock price decline [3].
- April 9, 2025: Neogen announced quarterly revenue fell 3.4% and cut its FY25 revenue and EBITDA outlook, resulting in a 28% stock price decline [3].
- June 4, 2025: Neogen expected EBITDA margin to be around the high-teens, leading to an additional 17% stock price decline [3].
The lawsuit seeks to appoint a lead plaintiff by September 16, 2025, and investors are urged to contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500 for more information [1].
References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/MMM-N/
[2] https://www.marketscreener.com/news/neogen-corporation-class-action-levi-korsinsky-reminds-neogen-corporation-investors-of-the-pendin-ce7c50d9db8ef525
[3] https://www.prnewswire.com/news-releases/neog-stockholders-with-large-losses-should-contact-robbins-llp-before-the-lead-plaintiff-deadline-for-information-about-leading-the-neogen-corporation-class-action-lawsuit-302538159.html
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