Neogen Faces Mounting Legal Challenges as Class-Action Deadlines Loom

Shares of food safety specialist Neogen came under renewed selling pressure this week as multiple law firms announced deadlines for class-action lawsuits against the company. The stock closed yesterday’s session at $5.64, marking a $0.11 decline, while pre-market trading today showed the shares hovering around $5.75.

The legal pressure follows a period of significant financial strain for the company. For its fourth fiscal quarter ending May 31, 2025, Neogen reported a GAAP net loss of $612.2 million, primarily driven by an impairment charge related to its acquisition of the 3M Food Safety Division. This substantial write-down highlighted ongoing integration challenges, despite the company posting adjusted earnings of $0.05 per share on revenues of $225.5 million.

Market reaction to these integration difficulties has been severe. The stock Read more...