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Class action lawsuits

Neogen Corporation Faces Class Action Lawsuit Over Securities Fraud

Strategic Insights

— 1 min read

Neogen Corporation, a leading animal health company, has been hit with a class action lawsuit alleging securities fraud in connection with its integration with 3M Company's Food Safety Division. The lawsuit claims that Neogen made false and misleading statements to investors about the integration, leading to losses for shareholders who purchased the company's stock between January 5, 2023, and June 3, 2025. According to the complaint, Neogen downplayed the inefficiencies arising from the integration and assured investors that they were fully aware and committed to resolving them quickly.

Key Takeaways:

  • The class action lawsuit was filed against Neogen Corporation, alleging securities fraud between January 5, 2023, and June 3, 2025.
  • The complaint claims that Neogen made false and misleading statements about the integration with 3M Company's Food Safety Division.
  • Neogen allegedly downplayed the inefficiencies arising from the integration and assured investors that they were fully aware and committed to resolving them quickly.
  • Shareholders who purchased Neogen stock during the relevant time frame may be eligible to seek a recovery under the federal securities laws.
  • Levi & Korsinsky LLP, a nationally-recognized securities litigation firm, has extensive expertise representing investors in complex securities litigation.
  • The firm has secured hundreds of millions of dollars for aggrieved shareholders and has a track record of winning high-stakes cases.

Statistics:

  • January 5, 2023: The date from which the alleged securities fraud began.
  • June 3, 2025: The date to which the alleged securities fraud continued.
  • 20 years: The length of time Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm.
  • 70: The number of employees in Levi & Korsinsky LLP's team to serve its clients.
  • 7 consecutive years: The period for which Levi & Korsinsky LLP has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Sources:

  • Newsfile Corp. - August 4, 2025 - https://www.newsfilecorp.com
  • Levi & Korsinsky LLP - https://zlk.com

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