Investors Encouraged to Lead Securities Fraud Lawsuit Against Neogen Corporation
In a significant development for shareholders of Neogen Corporation, those who have incurred losses exceeding $100,000 are being invited to take the lead in a potential securities fraud class action lawsuit. This opportunity arises as the legal firm Glancy Prongay & Murray LLP has stepped forward to facilitate the proceedings aimed against the company, listed on NASDAQ as NEOG. The deadline for potential lead plaintiffs to join this class action is set for September 16, 2025.
The lawsuit is centered around serious allegations against Neogen, focusing specifically on the period from January 5, 2023, to June 3, 2025. According to the complaint, the company's executives failed to disclose critical operational inefficiencies stemming from their integration with 3M, which they reportedly knew would result in goodwill impairment. Such undisclosed challenges have allegedly impacted not only capital expenditures but also revenues and EBITDA margins.
Furthermore, the statement asserts that the positive narratives shared by Neogen’s management regarding the company's business health, operational effectiveness, and growth prospects were materially misleading, lacking a reasonable basis during the specified timeframe.
This legal move could potentially open the door for investors who have suffered from these undisclosed issues to recover part of their investments. The class action lawsuit aims to hold the corporate executives accountable for their lack of transparency, which has been detrimental to shareholders. For individuals interested in participating or seeking further information about the lawsuit, they are urged to reach out to Glancy Prongay & Murray LLP.
Interested parties can contact Charles Linehan at Glancy Prongay & Murray LLP, located at 1925 Century Park East, Suite 2100, Los Angeles, California. The law firm has made it clear that no immediate action is necessary for those wanting to join the class action; they may choose to hire their counsel or remain as absent members of the lawsuit.
For more information about this development or to discuss rights related to the issue, affected investors can get in touch via email at [email protected] or by calling 310-201-9150. For broader outreach, updates can also be followed on social media platforms like LinkedIn, Twitter, and Facebook.
This announcement serves as a pivotal warning and calling to all investors involved with Neogen Corporation, emphasizing the importance of being informed about their legal rights and potential recourse. If you believe you have been affected, don’t hesitate to engage with the resources available – the deadline is approaching quickly, and it may be your chance to make a case against perceived injustices in the corporate sector.
Background of the Lawsuit
The lawsuit is centered around serious allegations against Neogen, focusing specifically on the period from January 5, 2023, to June 3, 2025. According to the complaint, the company's executives failed to disclose critical operational inefficiencies stemming from their integration with 3M, which they reportedly knew would result in goodwill impairment. Such undisclosed challenges have allegedly impacted not only capital expenditures but also revenues and EBITDA margins.
Furthermore, the statement asserts that the positive narratives shared by Neogen’s management regarding the company's business health, operational effectiveness, and growth prospects were materially misleading, lacking a reasonable basis during the specified timeframe.
Implications for Investors
This legal move could potentially open the door for investors who have suffered from these undisclosed issues to recover part of their investments. The class action lawsuit aims to hold the corporate executives accountable for their lack of transparency, which has been detrimental to shareholders. For individuals interested in participating or seeking further information about the lawsuit, they are urged to reach out to Glancy Prongay & Murray LLP.
Contact Information
Interested parties can contact Charles Linehan at Glancy Prongay & Murray LLP, located at 1925 Century Park East, Suite 2100, Los Angeles, California. The law firm has made it clear that no immediate action is necessary for those wanting to join the class action; they may choose to hire their counsel or remain as absent members of the lawsuit.
For more information about this development or to discuss rights related to the issue, affected investors can get in touch via email at [email protected] or by calling 310-201-9150. For broader outreach, updates can also be followed on social media platforms like LinkedIn, Twitter, and Facebook.
This announcement serves as a pivotal warning and calling to all investors involved with Neogen Corporation, emphasizing the importance of being informed about their legal rights and potential recourse. If you believe you have been affected, don’t hesitate to engage with the resources available – the deadline is approaching quickly, and it may be your chance to make a case against perceived injustices in the corporate sector.
Topics Financial Services & Investing）
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