{"id":888164,"date":"2025-09-22T06:03:01","date_gmt":"2025-09-22T10:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\/"},"modified":"2025-09-22T06:03:01","modified_gmt":"2025-09-22T10:03:01","slug":"securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\/","title":{"rendered":"SECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the Firm"},"content":{"rendered":"
\n

SAN FRANCISCO, Sept. 22, 2025 (GLOBE NEWSWIRE) — Girard Sharp LLP, a national investment, securities, and consumer class action law firm, has filed a securities class action<\/a> against Neogen Corporation (\u201cNeogen\u201d). According to the complaint, the class includes \u201call current and former 3M shareholders who received NEOG common stock in exchange for Garden SpinCo shares pursuant to the Merger Exchange (the \u201cClass\u201d)\u201d.<\/p>\n

Neogen is a Michigan corporation that, with its subsidiaries, \u201cmanufacture and market a diverse line of products and services dedicated to food and animal safety.\u201d The Company\u2019s Food Safety segment consists primarily of \u201cdiagnostic test products and complementary products (e.g., culture media) sold to food producers and processors to detect dangerous and\/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues and general sanitation concerns.\u201d The Company\u2019s Animal Safety segment is engaged in the \u201cdevelopment, manufacture, marketing and distribution of veterinary instruments, pharmaceuticals, vaccines, topicals, diagnostic products, rodenticides, cleaners, disinfectants, insecticides and genomics testing services for the worldwide animal safety market.\u201d<\/p>\n

The offering materials for the Merger (\u201cOffering Materials\u201d) stated that the combined Company expected to \u201chave improved EBITDA margins and stronger free cash flow relative to Neogen on a standalone basis, allowing Neogen to deleverage following the [Merger]\u201d and \u201cgenerate run-rate revenue and cost synergies of $30 million within three years following the closing of the [Merger] due to efficiencies in product innovation, sales, marketing, distribution and production.\u201d<\/p>\n

On January 10, 2025, Neogen announced its preliminary 2Q25 financial results and reported a net loss of $456.3 million due to a non-cash goodwill impairment related to the 3M Food Safety Division acquisition. Moreover, Neogen reported that, as of November 30, 2024, the Company had material weaknesses in its internal control over financial reporting. On April 9, 2025, Neogen announced its 3Q25 financial results, reporting a net loss of $11 million and a drop in revenue of 3.4% to $221 million. The Company also reported that its capital expenditures were expected to be approximately $100 million as a result of \u201clowered Adjusted EBITDA\u201d and a \u201cpull-forward of integration capex into fiscal 2025.\u201d It also reported the Company\u2019s CEO, John Adent, would be stepping down.<\/p>\n

Since September 1, 2022, the date upon which Neogen issued shares to former or current 3M investors, Neogen\u2019s share price has declined by 75%. Girard Sharp\u2019s investigation focuses on whether the Offering Materials may have included misrepresentations and omissions regarding Neogen\u2019s and 3M\u2019s financial conditions and the Merger.<\/p>\n

\n If you are a former or current 3M shareholder with losses, please fill out <\/strong>
\n
\n this form<\/strong>
\n <\/a>
\n , email <\/strong>
\n
\n apolk@girardsharp.com<\/strong>
\n <\/a>
\n , or call (866) 981-4800 for a free consultation.<\/strong>\u00a0<\/p>\n

\n Why Girard Sharp?<\/strong>\u00a0<\/p>\n

Girard Sharp represents investors, consumers, and institutions in class actions and other complex litigation nationwide. We recently obtained a $36.5 million securities settlement against Maxar Technologies, a space imagery company, after its share price collapsed following its acquisition of DigitalGlobe. Our attorneys have obtained multimillion-dollar recoveries for victims of unfair and deceptive practices in antitrust, financial fraud, and consumer protection matters against some of the country\u2019s largest corporations, including Raymond James, John Hancock, and Sears. Girard Sharp has earned top-tier rankings from U.S. News and World Report for Securities and Class Action Litigation and has been repeatedly selected as an Elite Trial Lawyers finalist by the National Law Journal.\u00a0<\/p>\n

\n Contact<\/strong>\u00a0<\/p>\n

Girard Sharp LLP\u00a0<\/p>\n

(866) 981-4800\u00a0\u00a0<\/p>\n

\n contact@girardsharp.com<\/a>\u00a0<\/p>\n

\n apolk@girardsharp.com<\/a>\u00a0<\/p>\n

\n www.girardsharp.com<\/a>\n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, Sept. 22, 2025 (GLOBE NEWSWIRE) — Girard Sharp LLP, a national investment, securities, and consumer class action law firm, has filed a securities class action against Neogen Corporation (\u201cNeogen\u201d). According to the complaint, the class includes \u201call current and former 3M shareholders who received NEOG common stock in exchange for Garden SpinCo shares pursuant to the Merger Exchange (the \u201cClass\u201d)\u201d. Neogen is a Michigan corporation that, with its subsidiaries, \u201cmanufacture and market a diverse line of products and services dedicated to food and animal safety.\u201d The Company\u2019s Food Safety segment consists primarily of \u201cdiagnostic test products and complementary products (e.g., culture media) sold to food producers and processors to detect dangerous and\/or unintended substances in human food and … <\/p>\n

Continue reading “SECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the Firm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-888164","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, Sept. 22, 2025 (GLOBE NEWSWIRE) — Girard Sharp LLP, a national investment, securities, and consumer class action law firm, has filed a securities class action against Neogen Corporation (\u201cNeogen\u201d). According to the complaint, the class includes \u201call current and former 3M shareholders who received NEOG common stock in exchange for Garden SpinCo shares pursuant to the Merger Exchange (the \u201cClass\u201d)\u201d. Neogen is a Michigan corporation that, with its subsidiaries, \u201cmanufacture and market a diverse line of products and services dedicated to food and animal safety.\u201d The Company\u2019s Food Safety segment consists primarily of \u201cdiagnostic test products and complementary products (e.g., culture media) sold to food producers and processors to detect dangerous and\/or unintended substances in human food and … Continue reading "SECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the Firm"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-22T10:03:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUzMjc1NSM3MTU3ODE0IzIxOTM1NDY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the Firm\",\"datePublished\":\"2025-09-22T10:03:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\\\/\"},\"wordCount\":611,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTUzMjc1NSM3MTU3ODE0IzIxOTM1NDY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\\\/\",\"name\":\"SECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the Firm - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/securities-class-action-notice-girard-sharp-law-firm-encourages-current-and-former-3m-company-nysemmm-shareholders-who-received-neogen-corporation-nasdaqneog-shares-in-connection-with-neogen-co-3\/","og_locale":"en_US","og_type":"article","og_title":"SECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the Firm - Market Newsdesk","og_description":"SAN FRANCISCO, Sept. 22, 2025 (GLOBE NEWSWIRE) — Girard Sharp LLP, a national investment, securities, and consumer class action law firm, has filed a securities class action against Neogen Corporation (\u201cNeogen\u201d). According to the complaint, the class includes \u201call current and former 3M shareholders who received NEOG common stock in exchange for Garden SpinCo shares pursuant to the Merger Exchange (the \u201cClass\u201d)\u201d. Neogen is a Michigan corporation that, with its subsidiaries, \u201cmanufacture and market a diverse line of products and services dedicated to food and animal safety.\u201d The Company\u2019s Food Safety segment consists primarily of \u201cdiagnostic test products and complementary products (e.g., culture media) sold to food producers and processors to detect dangerous and\/or unintended substances in human food and … Continue reading \"SECURITIES CLASS ACTION NOTICE: Girard Sharp Law Firm Encourages Current and Former 3M Company (NYSE:MMM) Shareholders Who Received Neogen Corporation (NASDAQ:NEOG) Shares in Connection With Neogen Corporation\u2019s Acquisition of 3M Company\u2019s Food Safety Business in September 2022 to Contact the 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