Neogen Corporation Faces Class Action Securities Lawsuit over Alleged Securities Fraud

Strategic Insights -

Neogen Corporation, a leading provider of food safety solutions, has been hit with a class action securities lawsuit alleging that the company issued a series of false and misleading statements regarding its integration with the Food Safety Division of the 3M Company. According to the complaint, investors were led to believe that the integration was progressing smoothly, but in reality, inefficiencies arose due to the merger. As a result, Neogen Corporation's stock price suffered a significant decline during the relevant time frame, resulting in substantial losses for shareholders. The lawsuit seeks to recover these losses for affected investors.

Key Takeaways:

  • The class action securities lawsuit was filed against Neogen Corporation, alleging that the company issued false and misleading statements regarding the integration with the Food Safety Division of the 3M Company.
  • The alleged securities fraud occurred between January 5, 2023, and June 3, 2025, resulting in significant losses for shareholders.
  • The complaint claims that defendants downplayed the inefficiencies arising from the integration and assured investors that they were fully aware and committed to resolving them quickly.
  • The lawsuit seeks to recover losses for shareholders who suffered financial losses due to the alleged securities fraud.
  • Levi & Korsinsky LLP, a nationally-recognized securities litigation firm, has been appointed to represent the plaintiff and has a track record of securing hundreds of millions of dollars for aggrieved shareholders.
  • The firm has extensive expertise in complex securities litigation and a team of over 70 employees to serve its clients.

Statistics:

  • The alleged securities fraud occurred over a period of approximately 2 years, from January 5, 2023, to June 3, 2025.
  • The complaint claims that Neogen Corporation's stock price declined significantly during the relevant time frame, resulting in substantial losses for shareholders.
  • The lawsuit seeks to recover losses for affected shareholders, but the exact amount of the losses is not specified.
  • According to the complaint, the integration with the Food Safety Division of the 3M Company was supposed to improve Neogen Corporation's operations, but instead, it led to inefficiencies and losses for the company.

Sources:

  • Newsfile Corp, "Neogen Corporation Lawsuit - Seeking Shareholders with Losses" (September 1, 2025)
  • Levi & Korsinsky, LLP, "Levi & Korsinsky Secures Hundreds of Millions of Dollars for Aggrieved Shareholders" (No Date Available)