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Class action lawsuits

Securities Class Action Lawsuit Against Neogen Corporation

Strategic Insights

— 1 min read

Investors who purchased shares of Neogen Corporation between January 5, 2023, and June 3, 2025, are reminded of the ongoing securities class action lawsuit against the company. The lawsuit alleges that Neogen and certain of its executives failed to disclose material information during this period, violating federal securities laws. The case is pending in the United States District Court for the Western District of Michigan.

Key Takeaways:

  • The lawsuit alleges that Neogen and its executives failed to disclose material information during the Class Period, resulting in a 28% drop in share price on April 9, 2025, and an additional 17% drop on June 4, 2025.
  • The price of Neogen's shares plummeted to $5.02 per share on April 9, 2025, and fell further to $4.96 per share 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 due to integration issues in April 2025.
  • The company also cut its FY25 guidance and noted that capital expenditures were expected to be $100 million as a result of lowered adjusted EBITDA and a pull-forward of integration-related capital expenditures into FY25.
  • Charles C. Foti, Jr., former Attorney General of Louisiana, is a partner of KSF and is involved in the lawsuit.
  • KSF, a premier boutique securities litigation law firm, has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

Statistics:

  • The class action lawsuit covers investors who purchased Neogen shares between January 5, 2023, and June 3, 2025 (the "Class Period").
  • The price of Neogen's shares plummeted 28% to $5.02 per share on April 9, 2025.
  • The price of Neogen's shares fell an additional 17% to $4.96 per share on June 4, 2025.
  • The company reported a quarterly revenue decrease of 3.4% to $221 million due to integration issues.
  • Capital expenditures were expected to be $100 million due to lowered adjusted EBITDA and a pull-forward of integration-related capital expenditures into FY25.

Sources:

  • Globe Newswire, "Neogen Corporation Shareholders Encouraged to Contact Former Attorney General of Louisiana Charles C. Foti, Jr. and Kahn Swick & Foti, LLC About Securities Class Action Lawsuit", September 2, 2025.
  • KSF website, "About Us", accessed September 2, 2025.
  • ISS Securities Class Action Services, "Top 10 Plaintiff Law Firms", 2025.

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