Neogen Corporation Faces Significant Class Action Lawsuit
Neogen Corporation (NASDAQ: NEOG) is currently entangled in a class action lawsuit that warrants attention, especially for shareholders who have experienced losses exceeding $100,000. Kahn Swick & Foti, LLC (KSF), a prominent law firm specializing in securities litigation, is actively engaging with affected investors. The lead plaintiff application deadline is set for September 16, 2025, giving shareholders a limited window to assert their rights in this matter.
Understanding Your Rights as a Shareholder
If you are among those who purchased shares of Neogen during a defined period—specifically between January 5, 2023, and June 3, 2025—you may have a valid claim. KSF is inviting impacted investors to discuss their legal recourse without any obligation or cost. Communication is encouraged with Lewis Kahn, KSF's Managing Partner, who can clarify your rights and potential avenues for recovery of economic losses.
Details of the Class Action Lawsuit
The lawsuit asserts that Neogen and certain executives failed to disclose critical information that materially affected shareholders during the Class Period. This is a major concern as it violates federal securities laws, leaving shareholders at a disadvantage. Recent events have intensified scrutiny, including a concerning revenue report.
Impact of Recent Financial Disclosures
In an alarming disclosure on April 9, 2025, Neogen announced a quarterly revenue decline of 3.4%, translating to $221 million. This downturn was attributed to integration challenges and the subsequent revision of guidance for fiscal year 2025, which included anticipated capital expenditures of $100 million. The market reacted drastically. On that day, Neogen’s stock price fell 28%, closing at $5.02 per share on a hefty trading volume of 47 million shares.
Consequences of Leadership Changes
Troublingly, June 4, 2025, brought further bleak news as the company indicated an expected EBITDA margin in the high teens, a substantial drop from the previous quarter's 22%. This forecast prompted an additional 17% decline in share value, closing at $4.96 per share. Shareholders' confidence has been severely shaken as the compensation for losses becomes increasingly vital.
Legal Representation and Support
The case against Neogen Corporation is officially labeled as Operating Engineers Construction Industry & Miscellaneous Pension Fund v. Neogen Corp., et al., No. 25-cv-00802. This ongoing legal battle signifies a critical chapter in the company’s history, and representation from experienced legal counsel like KSF can help shareholders navigate these uncharted waters.
About Kahn Swick & Foti, LLC
KSF is recognized as one of the leading boutique securities litigation firms in the nation, primarily composed of accomplished attorneys, including former Louisiana Attorney General Charles C. Foti, Jr. The firm has cultivated a reputation for championing the rights of both public and private investors aiming to recover losses associated with corporate misconduct.
KSF's Achievements and Track Record
With an impressive ranking among the top law firms by total settlement value, KSF continues to provide essential support to investors who have suffered losses due to fraudulent activities or malfeasance perpetrated by publicly traded companies. Their extensive experience and strategic approach make them a go-to for shareholders seeking justice.
Frequently Asked Questions
What is the deadline to join the class action against Neogen?
The deadline for filing lead plaintiff applications is September 16, 2025.
If I purchased shares of Neogen, how can I get involved in the lawsuit?
You can contact KSF to discuss your rights and potential involvement in the lawsuit at no cost.
What led to the decline in Neogen's stock price?
The stock price fell due to disappointing earnings reports, revised financial forecasts, and executive departures.
Who can serve as a lead plaintiff in the class action?
Any investor who suffered significant losses during the class period can petition the court to serve as a lead plaintiff.
How can I contact Kahn Swick & Foti for more information?
You can reach out to Lewis Kahn at KSF for further details regarding your situation.
