NEOG INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Neogen Corporation Investors with Substantial Losses Have Opportunity to Lead the Neogen Class Action Lawsuit

Core Viewpoint - Neogen Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives misled investors regarding the integration of its business with 3M's Food Safety Division and the financial implications of this merger [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled "Operating Engineers Construction Industry and Miscellaneous Pension Fund v. Neogen Corporation" and covers purchasers of Neogen common stock from January 5, 2023, to June 3, 2025 [1]. - Investors have until September 16, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Neogen's executives made false statements about the progress of the integration with 3M and downplayed inefficiencies that arose during this process [3]. Group 2: Financial Performance and Impact - On January 10, 2025, Neogen reported a significant GAAP net income loss due to a $461 million non-cash goodwill impairment charge related to the 3M acquisition, leading to a more than 5% drop in stock price [4]. - In the third quarter of 2025, Neogen reported a loss of $11 million, a significant increase from a loss of $2 million the previous year, and a revenue decline of 3.4% to $221 million, attributed to integration issues [5]. - Following the announcement of expected EBITDA margin drop to the high teens from 22%, Neogen's stock price fell more than 17% [6].