Neogen Corporation Faces Class Action Lawsuit Over Securities Fraud

Strategic Insights -

Neogen Corporation, a leading animal health company, has been hit with a class action lawsuit alleging securities fraud over a period of nearly two years. The lawsuit, filed on behalf of shareholders who suffered losses due to allegedly false and misleading statements made by the company's management, seeks to recover damages from the sale of Neogen's stock between January 5, 2023, and June 3, 2025.

The lawsuit claims that Neogen's management made false statements regarding the integration of the company's Food Safety Division with 3M Company, downplaying the inefficiencies that arose from the integration. As a result, investors were misled into believing that the integration was progressing smoothly, when in fact it was experiencing significant issues. By downplaying these issues, Neogen's management allegedly artificially inflated the company's stock price, leading to significant losses for shareholders.

Key Takeaways:

  • Neogen Corporation is facing a class action lawsuit alleging securities fraud between January 5, 2023, and June 3, 2025.
  • The lawsuit claims that Neogen's management made false statements regarding the integration with 3M Company's Food Safety Division, downplaying the inefficiencies that arose from the integration.
  • Defendants allegedly issued a series of materially false and misleading statements to investors, leading to artificially inflated stock prices and significant losses for shareholders.
  • The lawsuit seeks to recover damages for shareholders who suffered losses due to alleged securities fraud.
  • Levi & Korsinsky LLP, a nationally-recognized securities litigation firm, is representing the plaintiffs in the lawsuit.
  • The firm has a track record of securing hundreds of millions of dollars for aggrieved shareholders and has been ranked as one of the top securities litigation firms in the United States for seven consecutive years.

Statistics:

  • Number of years of alleged securities fraud: 2 (January 5, 2023 – June 3, 2025)
  • Stock price artificially inflated allegedly: Yes
  • Number of shareholders affected: Unknown
  • Amount of potential damages: Unknown
  • Firm representing plaintiffs: Levi & Korsinsky LLP
  • Years of expertise in complex securities litigation: Over 20 years

Sources:

  • Newsfile Corp. - September 11, 2025
  • https://zlk.com/pslra-1/neogen-corporation-lawsuit-submission-form?prid=166744&wire=5&utm_campaign=11
  • https://www.newsfilecorp.com/release/266092