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Class action lawsuits

Securities Class Action Lawsuit Against Neogen Corporation

Strategic Insights

— 1 min read

Neogen Corporation, a leading developer of proprietary products for the production and processing of neogen meat and poultry products, finds itself at the center of a securities class action lawsuit. The lawsuit, filed in the United States District Court for the Western District of Michigan, alleges that Neogen and certain of its executives failed to disclose material information during a specific period, violating federal securities laws. The case is pending and investors who purchased shares between January 5, 2023, and June 3, 2025, inclusive, may be eligible to participate.

Key Takeaways:

  • The lawsuit alleges that Neogen and certain executives failed to disclose material information during the Class Period, violating federal securities laws.
  • The Company disclosed a quarterly revenue decrease of 3.4% to $221 million due to integration issues and cut its FY25 guidance, causing the price of Neogen's shares to plummet 28% to close at $5.02 per share on April 9, 2025.
  • On June 4, 2025, the Company disclosed that it expected "EBITDA margin to probably be around the high-teens," a considerable drop from the previous quarter's profit margin of 22%, causing Neogen's shares to fall an additional 17% to close at $4.96 per share.
  • The case is Operating Eng'rs Constr. Indus. & Misc. Pension Fund v. Neogen Corp., et al., No. 25-cv-00802.
  • Kahn Swick & Foti, LLC, a premier securities litigation law firm, is representing investors in this case.
  • KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

Statistics:

  • $221 million: The revenue decrease disclosed by Neogen on April 9, 2025.
  • 28%: The price drop of Neogen's shares on April 9, 2025.
  • 17%: The additional price drop of Neogen's shares on June 4, 2025.
  • $4.96: The closing price of Neogen's shares on June 4, 2025.
  • 1-877-515-1850: The phone number for investors to contact KSF Managing Partner Lewis Kahn.

Sources:

  • GlobeNewswire. "KSF Reminds Investors of Class Action Lawsuit Against Neogen Corporation and Proponents Deadline on September 16, 2025." August 19, 2025.
  • Neogen Corporation. Press release announcing quarterly revenue decrease and FY25 guidance cut. April 9, 2025.
  • Neogen Corporation. Press release announcing expected EBITDA margin. June 4, 2025.
  • Kahn Swick & Foti, LLC. Website. "About Us."

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