Securities Class Action Lawsuit Against Neogen Corporation

Strategic Insights -

Investors who purchased shares of Neogen Corporation between January 5, 2023, and June 3, 2025, are reminded to file lead plaintiff applications by September 16, 2025, in a securities class action lawsuit against the company. The action is pending in the United States District Court for the Western District of Michigan. Neogen and certain of its executives are accused of failing to disclose material information during this period, violating federal securities laws. The lawsuit follows two significant price drops in the company's shares: a 28% drop on April 9, 2025, and a 17% drop on June 4, 2025. The case is Operating Eng'rs Constr. Indus. & Misc. Pension Fund v. Neogen Corp., et al., No. 25-cv-00802.

Key Takeaways:

  • Investors have until September 16, 2025, to file lead plaintiff applications in the securities class action lawsuit against Neogen Corporation.
  • The lawsuit alleges that Neogen and certain executives failed to disclose material information during the class period, violating federal securities laws.
  • The action follows a 28% drop in Neogen's shares on April 9, 2025, and a 17% drop on June 4, 2025.
  • The case is Operating Eng'rs Constr. Indus. & Misc. Pension Fund v. Neogen Corp., et al., No. 25-cv-00802.
  • Neogen disclosed a quarterly revenue decrease of 3.4% to $221 million on April 9, 2025, and cut its FY25 guidance.
  • The company announced the departure of its CEO on April 9, 2025.
  • Neogen's EBITDA margin is expected to be around the high-teens, representing a considerable drop from the previous quarter's profit margin of 22%.

Statistics:

  • 28%: The price drop of Neogen's shares on April 9, 2025.
  • 17%: The price drop of Neogen's shares on June 4, 2025.
  • $221 million: The quarterly revenue decrease disclosed by Neogen on April 9, 2025.
  • $100 million: The expected capital expenditures for Neogen as a result of lowered adjusted EBITDA.
  • 22%: The previous quarter's profit margin of Neogen.
  • $4.96: The closing price of Neogen's shares on June 4, 2025.

Sources:

  • Operating Eng'rs Constr. Indus. & Misc. Pension Fund v. Neogen Corp., et al., No. 25-cv-00802.
  • GLOBE NEWSWIRE, "KSF Reminds Investors of Deadline in Securities Class Action Lawsuit Against Neogen Corporation (NasdaqGS: NEOG)"