Core Viewpoint - A securities fraud lawsuit has been filed against Navan, Inc. and certain executives, alleging inadequate disclosure in the company's IPO materials regarding increased sales and marketing spending and slowing revenue trends [2]. Group 1: Lawsuit Details - The lawsuit claims that Navan's IPO offering materials, dated October 31, 2025, failed to disclose significant increases in sales and marketing expenses while the company was experiencing slowing revenue trends necessary to maintain reported growth metrics [2]. - Navan sold approximately 36.9 million shares at $25 per share during the IPO [2]. - Following the disclosure of increased sales and marketing expenses and the departure of the Chief Financial Officer on December 15, 2025, Navan's stock price fell to $12.90 per share the next trading day [2]. Group 2: Eligibility and Actions - Investors who purchased Navan common stock and experienced a decline in share value may be eligible to participate in the lawsuit, regardless of whether they sold their shares [3]. - The deadline to seek appointment as lead plaintiff is April 24, 2026, and a class has not yet been certified [4]. Group 3: Whistleblower Information - Individuals with non-public information about Navan are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 4: Firm Background - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].