Neogen Corporation Faces Class Action Lawsuit: Key Details
Understanding the Neogen Corporation Class Action Lawsuit
NEW YORK and NEW ORLEANS, a class action lawsuit has been filed against Neogen Corporation (NASDAQ: NEOG) for failing to disclose vital information during the class period. Investors who have lost over $100,000 and purchased shares from January 5, 2023, to June 3, 2025, are particularly impacted and have until September 16, 2025, to act.
Your Steps Moving Forward
If you are one of the affected investors, it’s important to understand your options. Legal representatives are available to discuss rights to recovery without any obligation. It's essential to grasp how this lawsuit may affect you and the potential for restitution related to your economic losses.
How to Take Action
Should you wish to pursue a role as a lead plaintiff, be aware that a formal petition must be submitted to the court by the deadline of September 16, 2025. Engaging with legal counsel can provide clarity about this process and the broader implications of the lawsuit.
Details of the Allegations Against Neogen
The lawsuit indicates that Neogen and certain executives have not revealed crucial information that could impact the company's stock and investors' decisions, which constitutes a breach of federal securities laws. The company admitted to various issues, including a reported decrease in quarterly revenue and lowered forecasts.
Impact of Recent Financial Disclosures
Following significant disclosures about a quarterly revenue drop of 3.4% and changes in fiscal guidance related to capital expenditures and adjustments in earnings before interest, taxes, depreciation, and amortization (EBITDA), Neogen's stock price experienced a dramatic fall. This kind of news triggers investor concern and highlights the legal ramifications of non-disclosure.
The Role of Kahn Swick & Foti, LLC
Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., is one of the foremost securities litigation firms representing investors in class actions. Their expertise has placed them among the top firms nationally for settlement value, focusing on client recovery in instances of corporate misconduct.
Who to Contact for Legal Assistance
For investors affected by the recent events related to Neogen Corporation, contacting KSF’s managing partner, Lewis Kahn, can offer insights and guidance. KSF operates multiple offices, ensuring comprehensive support across various locations.
Conclusion and Future Outlook
The ongoing lawsuit against Neogen has significant implications for investors seeking to recover losses attributed to alleged corporate malfeasance. As the situation develops, staying informed and acting promptly will be crucial for stakeholders aiming to protect their investments.
Frequently Asked Questions
What is the lawsuit against Neogen Corporation about?
The lawsuit addresses allegations that Neogen Corporation failed to disclose essential information that affected its stock value, resulting in financial losses for investors.
Who can participate in the lawsuit?
Investors who purchased shares of Neogen Corporation between January 5, 2023, and June 3, 2025, and suffered losses exceeding $100,000 are eligible to participate.
What is the lead plaintiff deadline?
The deadline to file applications as a lead plaintiff in the class action lawsuit is September 16, 2025.
How can I learn more about my rights as an investor?
You can contact Kahn Swick & Foti, LLC to discuss your legal rights and how the lawsuit may affect your investments.
What should I do if I want to serve as a lead plaintiff?
If you wish to serve as a lead plaintiff, you will need to submit a petition to the court by the outlined deadline of September 16, 2025.
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