Core Viewpoint - Neogen Corporation (NASDAQ: NEOG) is facing a class action lawsuit due to allegations of misleading statements regarding its integration with the Food Safety Division of 3M Company, which misled investors about the progress of this integration [3]. Group 1: Allegations and Class Action Details - The class period for the lawsuit is from January 5, 2023, to June 3, 2025 [3]. - The complaint alleges that Neogen's management issued materially false and misleading statements, leading investors to believe that the integration was progressing better than it actually was [3]. - Even after acknowledging certain "inefficiencies" from the integration, the company downplayed these issues and assured investors of their commitment to resolving them quickly [3]. Group 2: Shareholder Information - Shareholders who purchased NEOG shares during the class period are encouraged to register for the class action, with a deadline of September 16, 2025, to seek lead plaintiff status [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Neogen Corporation common stock between January 5, 2023, and June 3, 2025, of the September 16, 2025, deadline to become lead plaintiffs in a class action lawsuit [1] Group 1: Class Action Details - Investors who bought Neogen common stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by September 16, 2025, to serve as lead plaintiff [2] - The lawsuit alleges that Neogen's management made false and misleading statements regarding the integration process, leading investors to believe it was progressing smoothly [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time and has been ranked highly for its performance in securities class action settlements [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]

Core Viewpoint - Neogen Corporation is facing a class action lawsuit due to significant financial misrepresentations and integration issues related to its acquisition of 3M's food safety business, which led to substantial losses for investors during the specified class period [1][6]. Financial Performance - On January 10, 2025, Neogen reported a GAAP net income that was significantly negative, primarily due to a $461 million non-cash goodwill impairment charge related to the 3M acquisition, resulting in a share price decline from $13.07 to $12.36, approximately 5% [3]. - On April 9, 2025, Neogen's quarterly revenue fell by 3.4% to $221 million, leading to another cut in FY25 guidance and a share price drop from $7.04 to $5.02, approximately 28% [4]. - On June 4, 2025, Neogen disclosed a material decline in EBITDA margin attributed to elevated inventory write-offs, causing the share price to decline from $6.00 to $4.96, approximately 17% [5]. Lawsuit Details - The lawsuit alleges that Neogen misrepresented the status of the integration with 3M and failed to disclose the negative impacts of integration issues, misleading investors into believing that the integration was progressing smoothly [6].

Core Viewpoint - Neogen Corporation is facing a class action securities lawsuit due to alleged securities fraud that misled investors regarding the integration with 3M Company's Food Safety Division [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors affected by misleading statements made between January 5, 2023, and June 3, 2025 [1]. - Defendants allegedly issued false statements about the integration's progress and downplayed inefficiencies that arose during the process [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until September 16, 2025, to request appointment as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions for shareholders and ranked among the top securities litigation firms in the U.S. for seven consecutive years [4].

Core Viewpoint - A class action has been filed against Neogen Corporation for allegedly misleading investors regarding its integration with 3M Company, which has negatively impacted its financial health [2][3]. Group 1: Allegations and Financial Impact - The complaint states that Neogen issued false statements about the smooth progress of its integration with 3M, failing to disclose significant integration issues [2]. - On January 10, 2025, Neogen reported a GAAP net income loss due to a $461 million non-cash goodwill impairment charge related to the 3M acquisition, leading to a 5% decline in stock price to $12.36 per share [3]. - On April 9, 2025, Neogen announced a 3.4% drop in quarterly revenue to $221 million, attributed to integration issues, and cut its fiscal year 2025 revenue and EBITDA outlook, resulting in a 28% drop in stock price [4]. Group 2: Stock Performance and Market Capitalization - On June 4, 2025, Neogen projected an EBITDA margin in the high teens, down from 22% in the previous quarter, causing an additional 17% decline in stock price to $4.96 per share [5]. - From a high of $23.84 per share on August 15, 2023, Neogen's stock price fell by $18.88, or 79%, erasing over $4 billion in market capitalization [5].

Core Viewpoint - Neogen Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its integration with the Food Safety Division of 3M Company, which misled investors about the progress of the integration [2]. Group 1: Class Action Details - The class period for the lawsuit is from January 5, 2023, to June 3, 2025 [2]. - Shareholders who purchased shares during this period are encouraged to register for the class action and may seek lead plaintiff status by the deadline of September 16, 2025 [3]. - The Gross Law Firm is facilitating the registration process and will provide portfolio monitoring software for status updates throughout the case [3]. Group 2: Allegations Against Neogen Corporation - The complaint alleges that Neogen Corporation downplayed inefficiencies arising from the integration with 3M and assured investors of their commitment to resolving these issues quickly [2]. - The misleading statements led to an artificial inflation of Neogen's stock, impacting investors who suffered losses as a result [4]. Group 3: Legal Representation - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].

Core Viewpoint - Neogen Corporation is facing a class action securities lawsuit due to alleged securities fraud that misled investors regarding the integration with 3M Company's Food Safety Division [1][2] Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors affected by misleading statements made between January 5, 2023, and June 3, 2025 [1] - Defendants allegedly issued false statements about the integration's progress and downplayed inefficiencies that arose during the process [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until September 16, 2025, to request to be appointed as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a strong track record, having secured hundreds of millions for shareholders and being recognized as a top securities litigation firm in the U.S. for seven consecutive years [4]

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United ...

Core Viewpoint - Neogen Corporation is facing a class action securities lawsuit due to alleged securities fraud that misled investors regarding the integration with 3M Company's Food Safety Division [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for investors affected by misleading statements made between January 5, 2023, and June 3, 2025 [1]. - Defendants allegedly issued materially false statements about the integration's progress and downplayed inefficiencies that arose during the process [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until September 16, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions for shareholders and is recognized as one of the top securities litigation firms in the U.S. [4].

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