Navarre Corp. NASD: NAVR

A lawsuit seeking class action status has been filed in the United States District Court for the District of Minnesota on behalf of all persons who purchased the common stock of Navarre Corp. ("Navarre") between July 23, 2003 and May 31, 2005 (the "Class Period").

The Complaint alleges that Navarre and certain of its officers and directors violated federal securities laws. Specifically, the Complaint alleges that Navarre was engaged in accounting chicanery that had the effect of improperly inflating its stock price. On May 31, 2005, Navarre issued a press release announcing that it would postpone release of its fourth quarter and fiscal year 2005 results pending an accounting review focused on the recognition of deferred compensation expenses and the classification of fiscal 2005 tax items. In response to this announcement, the price of Navarre common stock dropped from a close of $9.00 per share on May 31, 2005, to close at $8.02 per share on June 1, 2005.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.