Neogen Corporation (NEOG) Investors Consider Joining Class Action
Investors Alert: Join the Neogen Corporation Action
Are you an investor in Neogen Corporation (NASDAQ: NEOG)? If you've suffered losses of $100,000 or more, this message is particularly important for you. The Law Offices of Frank R. Cruz are reaching out to those impacted regarding a securities fraud lawsuit that may provide a path for recovery.
Key Details of the Case
There is a pressing deadline to act. Investors need to be aware that the deadline to participate as a lead plaintiff in the ongoing class action lawsuit is approaching. Neogen, known for its advancements in food safety and animal health, is under scrutiny for various misstatements regarding its financial outlook and operations.
What Sparked the Lawsuit?
The events leading to the lawsuit unfolded when Neogen Corporation revealed a staggering $461 million non-cash goodwill impairment charge related to its acquisition of the 3M Company. This disclosure, made on January 10, 2025, shook investor confidence, resulting in a stock price drop of 5.4%, closing at $12.36 that day.
Subsequent Financial Challenges
Following this, on April 9, 2025, Neogen reported a decline in quarterly revenue by 3.4%, citing integration problems with 3M. This downturn was compounded when the company’s CEO announced plans to step down, prompting a further 28.7% decline in the stock price, which plummeted to $5.02.
Further Implications for Investors
The financial turbulence didn’t stop there. On June 4, 2025, investors learned that Neogen's expected EBITDA margins for the fourth quarter fiscal 2025 would likely fall below previous estimates. This news contributed to a further drop in stock prices, closing at $4.96 on that day.
The Legal Allegations
The lawsuit is centered on allegations that throughout the class period, Neogen and its executives made materially false statements and failed to disclose significant adverse information regarding the company's business operations. These failures misled investors about the company’s actual performance and prospects.
Next Steps for Affected Shareholders
If you acquired Neogen common stock between January 5, 2023, and June 3, 2025, it is essential to act quickly. To learn more about participating in the class action lawsuit, you can contact Frank R. Cruz directly with your details. The deadline to seek appointment as the lead plaintiff has been set for September 16, 2025.
Contact Information
For any questions regarding your rights as an investor or to learn more about the class action, please reach out to:
Frank R. Cruz
The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Email: info@frankcruzlaw.com
Phone: 310-914-5007
Website: www.frankcruzlaw.com
Frequently Asked Questions
What is the Neogen Corporation lawsuit about?
The lawsuit involves allegations of securities fraud connected to misleading financial disclosures by Neogen Corporation during the acquisition of 3M.
Who can join the class action?
Any investor who purchased Neogen common stock between January 5, 2023, and June 3, 2025, can potentially participate in the class action.
What is the deadline for joining the lawsuit?
The deadline to apply as the lead plaintiff in the class action lawsuit is September 16, 2025.
How can I contact the law firm?
You can reach the Law Offices of Frank R. Cruz via email at info@frankcruzlaw.com or by phone at 310-914-5007 for more information.
What damages are being sought in the lawsuit?
The suit aims to recover losses suffered by investors due to misleading statements and financial projections provided by Neogen Corporation.
About The Author
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