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Class Action Filed Against Neogen Corporation (NEOG) Seeking Recovery for Investors - Contact Levi & Korsinsky
NeogenNeogen(US:NEOG) Prnewswireยท2025-09-02 12:45

Core Viewpoint - Neogen Corporation is facing a class action securities lawsuit due to alleged securities fraud that misled investors regarding the integration with the Food Safety Division of 3M Company [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 progress of the integration, leading investors to have an inflated perception of its success [2]. - When inefficiencies from the integration were revealed, the defendants downplayed these issues and assured investors of their commitment to resolving them [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]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]. - The firm has over 70 employees dedicated to serving clients in complex securities litigation [4].