{"success":true,"data":{"pressRelease":{"id":"3824","rtpr_id":"nBw4D4WrSa","ticker":"NAVN","exchange":"NASDAQ","all_tickers":["NAVN"],"title":"Navan 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against Navan, Inc. - NAVN","author":"Business Wire","published_at":"2026-04-21T22:07:00.069Z","article_body":"Navan 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors\nWith Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against\nNavan, Inc. - NAVN\n\nKahn Swick & Foti, LLC\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fksfcounsel.com%2F&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Kahn%20Swick%20%26%20Foti%2C%20LLC&index=981&md5=2dfe79dbcce2abf656621c39754a6b07)\n(“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles\nC. Foti, Jr., remind investors that they have until April 24, 2026 to file\nlead plaintiff applications in a securities class action lawsuit\nagainst Navan, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqgs-navn%2F&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Navan%2C%20Inc.&index=982&md5=67644e9ef5cbbb06ac83f6d153286ba2)\n(“Navan” or the “Company”) (NasdaqGS: NAVN), if they purchased or\notherwise acquired the Company’s shares pursuant and/or traceable to the\nRegistration Statement and Prospectus (collectively, the “Offering\nDocuments”) issued in connection with Navan’s October 2025 initial public\noffering (the “IPO”). This action is pending in the United States District\nCourt for the Northern District of California.\n\nWhat You May Do\n\nIf you purchased shares of Navan and would like to discuss your legal rights\nand how this case might affect you and your right to recover for your economic\nloss, you may, without obligation or cost to you, contact KSF Managing Partner\nLewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com\n(mailto:lewis.kahn@ksfcounsel.com) ), or visit\nhttps://www.ksfcounsel.com/cases/nasdaqgs-navn/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqgs-navn%2F&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqgs-navn%2F&index=983&md5=886d254c1c60927109de451f7c4a7615)\nto learn more. If you wish to serve as a lead plaintiff in this class action\nby overseeing lead counsel with the goal of obtaining a fair and just\nresolution, you must request this position by application to the Court by\nApril 24, 2026.\n\nAbout the Lawsuit\n\nAccording to the Complaint, Navan and certain of its executives are charged\nwith failing to disclose material information in the Offering Documents,\nviolating federal securities laws. The alleged false and misleading statements\nand omissions include, but are not limited to, that the Company had increased\nits “sales and marketing” expenses for the quarter ending October 31, 2025\nto nearly $95 million, or by 39% compared to $68.5 million sales and marketing\nexpenses in the quarter ending July 31, 2025. When the true details entered\nthe market, the lawsuit claims that the Company’s shares fell sharply.\n\nThe case is McCown v. Navan, Inc., Case No. 26-cv-01550.\n\nAbout Kahn Swick & Foti\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DERl52xsyj0s&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Kahn%20Swick%20%26%20Foti&index=984&md5=1562b97c2bcc44785e6f5f149829ea3d)\n, LLC\n\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti,\nJr., is one of the nation's premier boutique securities litigation law firms.\nThis past year, KSF was ranked by SCAS among the top 10 firms nationally based\nupon total settlement value. KSF serves a variety of clients, including public\nand private institutional investors, and retail investors - in seeking\nrecoveries for investment losses emanating from corporate fraud or malfeasance\nby publicly traded companies. KSF has offices in New York, Delaware,\nCalifornia, Louisiana, Chicago, and a representative office in Luxembourg.\n\nTOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services\n\nTo learn more about KSF, you may visit www.ksfcounsel.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ksfcounsel.com&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=www.ksfcounsel.com&index=985&md5=6448c5a95ad0563c04a5238ff2c66a86)\n.\n\nCONNECT WITH US: Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2Fprofile.php%3Fid%3D61575733915628&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Facebook&index=986&md5=ecb927faa49854519f1df1fc7a7d79b5)\n|| Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Fkahn_swick_and_foti%2F&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Instagram&index=987&md5=187b8fc2735a43318b4f3dc285e4a3dd)\n|| YouTube\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.youtube.com%2F%40kahnswickandfoti&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=YouTube&index=988&md5=3a398cc90f5e274c511a334afd6a9e52)\n|| TikTok\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tiktok.com%2F%40kahn.swick.foti&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=TikTok&index=989&md5=883f499b821e15675b33079014ec5e1a)\n|| LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fksfcounsel&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=LinkedIn&index=990&md5=31ef05fbbd446fee4f9493dd9943bc11)\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260421059589/en/\n(https://www.businesswire.com/news/home/20260421059589/en/)\n\nKahn Swick & Foti, LLC\nLewis Kahn, Managing Partner\nlewis.kahn@ksfcounsel.com (mailto:lewis.kahn@ksfcounsel.com) \n1-877-515-1850\n1100 Poydras St., Suite 960\nNew Orleans, LA 70163\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw4D4WrSa","title":"Navan 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against Navan, Inc. - NAVN","author":"Business Wire","ticker":"NAVN","created":"2026-04-21T22:07:00.069Z","tickers":["NAVN"],"exchange":"NASDAQ","article_body":"Navan 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors\nWith Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against\nNavan, Inc. - NAVN\n\nKahn Swick & Foti, LLC\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fksfcounsel.com%2F&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Kahn%20Swick%20%26%20Foti%2C%20LLC&index=981&md5=2dfe79dbcce2abf656621c39754a6b07)\n(“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles\nC. Foti, Jr., remind investors that they have until April 24, 2026 to file\nlead plaintiff applications in a securities class action lawsuit\nagainst Navan, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqgs-navn%2F&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Navan%2C%20Inc.&index=982&md5=67644e9ef5cbbb06ac83f6d153286ba2)\n(“Navan” or the “Company”) (NasdaqGS: NAVN), if they purchased or\notherwise acquired the Company’s shares pursuant and/or traceable to the\nRegistration Statement and Prospectus (collectively, the “Offering\nDocuments”) issued in connection with Navan’s October 2025 initial public\noffering (the “IPO”). This action is pending in the United States District\nCourt for the Northern District of California.\n\nWhat You May Do\n\nIf you purchased shares of Navan and would like to discuss your legal rights\nand how this case might affect you and your right to recover for your economic\nloss, you may, without obligation or cost to you, contact KSF Managing Partner\nLewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com\n(mailto:lewis.kahn@ksfcounsel.com) ), or visit\nhttps://www.ksfcounsel.com/cases/nasdaqgs-navn/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqgs-navn%2F&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqgs-navn%2F&index=983&md5=886d254c1c60927109de451f7c4a7615)\nto learn more. If you wish to serve as a lead plaintiff in this class action\nby overseeing lead counsel with the goal of obtaining a fair and just\nresolution, you must request this position by application to the Court by\nApril 24, 2026.\n\nAbout the Lawsuit\n\nAccording to the Complaint, Navan and certain of its executives are charged\nwith failing to disclose material information in the Offering Documents,\nviolating federal securities laws. The alleged false and misleading statements\nand omissions include, but are not limited to, that the Company had increased\nits “sales and marketing” expenses for the quarter ending October 31, 2025\nto nearly $95 million, or by 39% compared to $68.5 million sales and marketing\nexpenses in the quarter ending July 31, 2025. When the true details entered\nthe market, the lawsuit claims that the Company’s shares fell sharply.\n\nThe case is McCown v. Navan, Inc., Case No. 26-cv-01550.\n\nAbout Kahn Swick & Foti\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DERl52xsyj0s&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Kahn%20Swick%20%26%20Foti&index=984&md5=1562b97c2bcc44785e6f5f149829ea3d)\n, LLC\n\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti,\nJr., is one of the nation's premier boutique securities litigation law firms.\nThis past year, KSF was ranked by SCAS among the top 10 firms nationally based\nupon total settlement value. KSF serves a variety of clients, including public\nand private institutional investors, and retail investors - in seeking\nrecoveries for investment losses emanating from corporate fraud or malfeasance\nby publicly traded companies. KSF has offices in New York, Delaware,\nCalifornia, Louisiana, Chicago, and a representative office in Luxembourg.\n\nTOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services\n\nTo learn more about KSF, you may visit www.ksfcounsel.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ksfcounsel.com&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=www.ksfcounsel.com&index=985&md5=6448c5a95ad0563c04a5238ff2c66a86)\n.\n\nCONNECT WITH US: Facebook\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2Fprofile.php%3Fid%3D61575733915628&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Facebook&index=986&md5=ecb927faa49854519f1df1fc7a7d79b5)\n|| Instagram\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Fkahn_swick_and_foti%2F&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=Instagram&index=987&md5=187b8fc2735a43318b4f3dc285e4a3dd)\n|| YouTube\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.youtube.com%2F%40kahnswickandfoti&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=YouTube&index=988&md5=3a398cc90f5e274c511a334afd6a9e52)\n|| TikTok\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.tiktok.com%2F%40kahn.swick.foti&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=TikTok&index=989&md5=883f499b821e15675b33079014ec5e1a)\n|| LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fksfcounsel&esheet=54520220&newsitemid=20260421059589&lan=en-US&anchor=LinkedIn&index=990&md5=31ef05fbbd446fee4f9493dd9943bc11)\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260421059589/en/\n(https://www.businesswire.com/news/home/20260421059589/en/)\n\nKahn Swick & Foti, LLC\nLewis Kahn, Managing Partner\nlewis.kahn@ksfcounsel.com (mailto:lewis.kahn@ksfcounsel.com) \n1-877-515-1850\n1100 Poydras St., Suite 960\nNew Orleans, LA 70163\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-04-21T22:07:00.128038854Z","server_sent_at_ms":1776809220128},"received_at":"2026-04-21T22:07:00.248Z","source_url":"https://www.businesswire.com/news/home/20260421059589/en/"},"analysis":{"id":"2647","press_release_id":"3824","analysis_json":{"industry":{"label":"Software & Services","sector":"Information Technology"},"redFlags":["Alleged failure to disclose 39% surge in sales and marketing expenses in IPO Offering Documents"],"eventType":"legal_litigation","narrative":"Kahn Swick & Foti reminded investors of an April 24, 2026 deadline to file lead plaintiff applications in a class action against Navan.\n\nThe lawsuit alleges Navan failed to disclose in its IPO documents that sales and marketing expenses jumped 39% to nearly $95 million in the quarter ending October 31, 2025.\n\nThe complaint claims this omission violated federal securities laws and caused shares to fall once the true details entered the market.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Post-IPO class action alleges undisclosed expense spike; deadline approaching."},"keyFigures":{"customDimensions":{"expense_increase_percent":"39%","sales_marketing_expenses_q2_2025":"$68.5 million","sales_marketing_expenses_q3_2025":"$95 million"}},"namedEntities":{"people":[{"name":"Charles C. Foti, Jr.","role":"Partner, former Attorney General of Louisiana"},{"name":"Lewis Kahn","role":"Managing Partner"}],"products":[],"companies":[{"name":"Navan, Inc.","ticker":"NAVN"},{"name":"Kahn Swick & Foti, LLC","relationship":"Plaintiff Counsel"}],"dollarAmounts":[{"amount":"$100,000","context":"Loss threshold for investor participation"},{"amount":"$95 million","context":"Alleged sales and marketing expenses for quarter ending Oct 31, 2025"},{"amount":"$68.5 million","context":"Sales and marketing expenses for quarter ending July 31, 2025"}]},"materialImpact":{"score":3,"reasoning":"Class action lawsuit alleges securities fraud related to the October 2025 IPO, specifically regarding undisclosed expense increases. While serious, such suits are common post-IPO and this remains an allegation rather than a final judgment."},"tickerRelevance":{"others":[],"primary":"NAVN"},"eventTypeSecondary":[]},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"bearish","material_impact_score":3,"narrative":"Kahn Swick & Foti reminded investors of an April 24, 2026 deadline to file lead plaintiff applications in a class action against Navan.\n\nThe lawsuit alleges Navan failed to disclose in its IPO documents that sales and marketing expenses jumped 39% to nearly $95 million in the quarter ending October 31, 2025.\n\nThe complaint claims this omission violated federal securities laws and caused shares to fall once the true details entered the market.","key_figures":{"customDimensions":{"expense_increase_percent":"39%","sales_marketing_expenses_q2_2025":"$68.5 million","sales_marketing_expenses_q3_2025":"$95 million"}},"named_entities":{"people":[{"name":"Charles C. Foti, Jr.","role":"Partner, former Attorney General of Louisiana"},{"name":"Lewis Kahn","role":"Managing Partner"}],"products":[],"companies":[{"name":"Navan, Inc.","ticker":"NAVN"},{"name":"Kahn Swick & Foti, LLC","relationship":"Plaintiff Counsel"}],"dollarAmounts":[{"amount":"$100,000","context":"Loss threshold for investor participation"},{"amount":"$95 million","context":"Alleged sales and marketing expenses for quarter ending Oct 31, 2025"},{"amount":"$68.5 million","context":"Sales and marketing expenses for quarter ending July 31, 2025"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-22T02:56:15.079Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.806Z"}},"durationMs":122659,"modelName":"glm-4.7"}}