Class Action Lawsuit Filed Against Neogen Corporation Over Alleged Securities Law Violations

Strategic Insights -

A class action lawsuit has been filed against Neogen Corporation (NASDAQ: NEOG) and certain of its officers by Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm that specializes in securities fraud class actions. The lawsuit alleges that the company and its officers made false and misleading statements about the integration of the company's operations, downplayed the significance of inefficiencies resulting from the integration, and failed to disclose material information about the company's financial performance.

Key Takeaways:

  • The lawsuit seeks to recover damages on behalf of all persons and entities that purchased or acquired Neogen securities between January 5, 2023, and June 3, 2025, both dates inclusive.
  • The complaint alleges that Neogen and its officers made materially false and misleading statements and/or failed to disclose that the integration was not progressing as smoothly as represented.
  • The company acknowledged certain "inefficiencies" resulting from the integration, but Defendants downplayed their significance and falsely assured investors that they were fully aware of the issues and committed to resolving them promptly.
  • The revelation on June 4, 2025, that Neogen expected "EBITDA margin to probably be around the high-teens" was a substantial decline from the prior quarter's 22% margin and shocked investors.
  • A class action lawsuit has already been filed, and investors who suffered a loss in Neogen have until September 16, 2025, to request that the Court appoint them as lead plaintiff.
  • Bronstein, Gewirtz & Grossman, LLC represents investors in class actions on a contingency fee basis, meaning that they will ask the court to reimburse them for out-of-pocket expenses and attorneys' fees only if they are successful.

Statistics:

  • The class period spans from January 5, 2023, to June 3, 2025, both dates inclusive.
  • Neogen investors suffered a loss due to the company's alleged securities law violations.
  • The company's EBITDA margin declined from 22% in the prior quarter to "probably be around the high-teens" in June 2025.
  • Bronstein, Gewirtz & Grossman, LLC has recovered hundreds of millions of dollars for investors nationwide in securities fraud class actions and shareholder derivative suits.

Sources:

  • "Bronstein, Gewirtz & Grossman, LLC Announces Investigation into Neogen Corporation (NASDAQ: NEOG)". GlobeNewswire, 18 Aug. 2025.
  • Case Details on Bronstein, Gewirtz & Grossman, LLC's website.
  • Peretz Bronstein, Esq., or Nathan Miller, Client Relations Manager, at 332-239-2660.