Neogen Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. September 16, 2025 Deadline to file Lead Plaintiff Motion.

Core Viewpoint - Neogen Corporation is facing a class action lawsuit due to alleged misleading statements and failure to disclose material facts regarding the integration of 3M's Food Safety Division, leading to significant financial losses for investors [4][7]. Group 1: Company Overview - Neogen Corporation develops, manufactures, and markets products focused on food and animal safety, and completed a strategic merger with 3M's Food Safety Division in September 2022 [3]. Group 2: Allegations and Financial Impact - The lawsuit claims that Neogen misrepresented the progress of the integration, which was actually facing operational and financial difficulties [5]. - Neogen reported a GAAP net loss of $461 million due to a non-cash goodwill impairment related to the 3M acquisition, along with downward revisions to revenue and EBITDA guidance for 2025 [5]. - In Q3 2025, Neogen experienced a net loss of $11 million, a decline in revenue by 3.4% to $221 million, and increased capital expenditures projected at $100 million due to integration spending [5]. - Following these disclosures, Neogen's stock fell approximately 28% and then dropped more than 17% after announcing a significant decline in EBITDA margin expectations [6].