Securities Class Action Lawsuit Against Neogen Corporation

Strategic Insights -

Investors who purchased shares of Neogen Corporation between January 5, 2023, and June 3, 2025, may be entitled to recover their losses after the company's executives were charged with failing to disclose material information, violating federal securities laws. On April 9, 2025, Neogen disclosed a quarterly revenue decrease of 3.4% to $221 million due to integration issues, prompting a sharp decline in the company's stock price. The price dropped 28% to close at $5.02 per share on a volume of 47 million shares. Subsequent disclosures on June 4, 2025, further exacerbated the decline, with the price falling an additional 17% to close at $4.96 per share.

Key Takeaways:

  • The securities class action lawsuit against Neogen Corporation alleges that the company and its executives failed to disclose material information during the Class Period, violating federal securities laws.
  • The lawsuit covers investors who purchased shares of Neogen between January 5, 2023, and June 3, 2025, inclusive.
  • The company's executives were charged with failing to disclose quarterly revenue decrease of 3.4% to $221 million due to integration issues, which led to a sharp decline in the company's stock price.
  • Neogen's stock price plummeted 28% to close at $5.02 per share on a volume of 47 million shares after the disclosure.
  • Subsequent disclosures on June 4, 2025, further exacerbated the decline, with the price falling 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, pending in the United States District Court for the Western District of Michigan.
  • Investors who purchased shares of Neogen and wish to discuss their legal rights and potential recovery for their economic loss can contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com).
  • KSF, a premier boutique securities litigation law firm, serves a variety of clients, including public and private institutional investors, and retail investors.

Statistics:

  • Neogen's stock price dropped 28% to close at $5.02 per share on a volume of 47 million shares after the disclosure on April 9, 2025.
  • Subsequent disclosures on June 4, 2025, further exacerbated the decline, with the price falling an additional 17% to close at $4.96 per share.
  • The company's quarterly revenue decreased by 3.4% to $221 million due to integration issues.
  • The case is pending in the United States District Court for the Western District of Michigan, with the deadline to file lead plaintiff applications set for September 16, 2025.

Sources:

  • GlobeNewswire, "KSF Reminds Investors of Deadline in Securities Class Action Lawsuit Against Neogen Corporation" (July 22, 2025)
  • SCAS, "KSF Ranked Among Top 10 Firms Nationally Based Upon Total Settlement Value" (2024)
  • ISS Securities Class Action Services, "Top 10 Plaintiff Law Firms" (2024)
  • Kahn Swick & Foti, LLC, "Contact Us" (2025)
  • Neogen Corporation, "News Release" (April 9, 2025)
  • Operating Eng'rs Constr. Indus. & Misc. Pension Fund v. Neogen Corp., et al., No. 25-cv-00802 (2025)