Core Viewpoint - Navan, Inc. is facing a class action lawsuit related to its October 31, 2025 IPO, with investors having until April 24, 2026, to file a lead plaintiff motion [1]. Group 1: Legal Action - The Portnoy Law Firm is advising Navan investors to join a class action lawsuit concerning securities purchased during the IPO [1]. - Investors can contact attorney Lesley F. Portnoy for legal rights discussions and case evaluations [2]. Group 2: Allegations Against Defendants - The lawsuit alleges that the defendants made false and misleading statements regarding Lakeland's business operations, particularly concerning issues with the Pacific Helmets and Jolly businesses [3]. - Specific allegations include significant shipping delays, production issues, and a slower rollout of new products, which were not disclosed [3]. - The defendants are accused of overstating the financial impact of these businesses and the overall strength of their operations [3]. - The lawsuit claims that Lakeland's financial results were deteriorating due to tariff-related challenges and other operational issues [3]. - It is alleged that the defendants' financial guidance was unreliable due to these issues, leading to materially false public statements [3].
Portnoy Law Firm Announces Class Action on Behalf of Navan, Inc. Investors