NasdaqGS:NEOGMedical Equipment
Why Neogen (NEOG) Is Down 8.4% After Securities Lawsuits Over 3M Integration Misstatements And What's Next
In the past week, several law firms filed securities class action lawsuits against Neogen Corporation and key executives, alleging they made materially misleading statements about the integration of 3M's Food Safety Division and failed to disclose adverse financial impacts such as a US$461 million goodwill impairment and internal control weaknesses.
This legal action stems from a series of disclosures in 2025 that revealed significant integration challenges, cut guidance, executive changes,...