Neogen Corporation Faces Class Action Lawsuit Over Allegations
Neogen Corporation Faces Class Action Lawsuit Over Allegations
The Gross Law Firm has officially announced to shareholders of Neogen Corporation (NASDAQ: NEOG) that a class action lawsuit has been filed. This legal action comes in light of significant allegations regarding misleading information disseminated during the integration with the Food Safety Division of 3M Company.
Details of the Class Action
Shareholders who acquired shares of NEOG within the specified class period are encouraged to reach out to the Gross Law Firm concerning potential leadership roles for the investor group. It's important to note that becoming a lead plaintiff is not necessary to receive any recovery from the lawsuit.
Registration for Participation
Investors are urged to register their details promptly as the deadline for participating in this class action lawsuit is approaching on September 16, 2025. Late registrations may hinder your ability to be involved in any recovery from the ongoing legal proceedings.
Allegations Leading to the Lawsuit
According to the allegations in the complaint, the representatives of Neogen Corporation issued a series of statements that were found to be materially false or misleading during the integration with 3M's Food Safety Division. The firm claims that these misleading statements inflated the company’s stock price, deceiving investors about the actual progress of integration.
Addressing Inefficiencies
Despite the company eventually acknowledging operational inefficiencies stemming from the integration process, it reportedly assured investors that these issues were recognized and would be promptly addressed. This downplaying of issues raised concerns among stakeholders who feel misled.
Next Steps for Shareholders
After registration, shareholders who purchased shares of NEOG during the class period will be enrolled in a portfolio monitoring service. This will keep them updated on the status of their case as it progresses through the courts. The Gross Law Firm has confirmed that there is no cost or obligation for participants to join the legal action.
Why Choose the Gross Law Firm?
The Gross Law Firm is a prominent class action law firm dedicated to defending the rights of investors. Their mission includes taking action against misconduct and advocating for transparency in corporate practices. They strive to support investors who have been adversely affected by deceitful actions and misleading statements from corporations.
Individuals looking to connect with the Gross Law Firm can visit their office located at 15 West 38th Street, 12th floor, New York, NY 10018. The firm expresses a deep commitment to ensuring accountability in corporate behavior and aims to recover losses based on the commitments from misleading business practices.
Frequently Asked Questions
What is the class period for this lawsuit?
The class period for the lawsuit spans from January 5, 2023 to June 3, 2025.
How can shareholders participate in the class action?
Shareholders should register their information with the Gross Law Firm before the deadline on September 16, 2025, to be eligible for any potential recovery.
What allegations are against Neogen Corporation?
Neogen Corporation is accused of making materially false and misleading statements regarding its integration with 3M's Food Safety Division.
Is there any cost to join the lawsuit?
No, there are no costs or obligations for shareholders to participate in this lawsuit.
What measures does the Gross Law Firm take to protect investors?
The Gross Law Firm is committed to advocating for investors' rights, ensuring corporate accountability, and pursuing recovery for losses incurred due to misleading business practices.
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