BBAI INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that BigBear.ai Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

1. A class action lawsuit has been filed against BBAI and its officers. 2. The lawsuit claims BBAI made misleading statements about its financial practices. 3. Investors who purchased BBAI shares from March 31, 2022, to March 25, 2025, are affected. 4. Allegations include improper accounting of 2026 Convertible Notes and potential restatements. 5. Legal representation is available on a contingency fee basis for affected investors.

Legal

80

5m saved

Insight

Article

FAQ

Why Very Bearish?

Class action lawsuits typically lead to stock price declines, especially when involving accounting misstatements. Historical examples show similar cases negatively affect stock value significantly in the short to medium term.

How important is it?

The lawsuit is highly relevant given the allegations against BBAI and the potential financial impact on the company, hence a considerable importance score.

Why Short Term?

Immediate investor sentiment is likely to worsen as news spreads. The stock may experience volatility until the case progresses and facts come to light, as seen in other cases involving warrants and restatements.

Related Companies

TSLA AAPL NFLX

NEW YORK, April 18, 2025 /PRNewswire/ --

Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against BigBear.ai Holdings, Inc. ("BigBear" or "the Company") (NYSE: BBAI) and certain of its officers.

Class Definition

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired BigBear securities between March 31, 2022 and March 25, 2025, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/BBAI.

Case Details

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:

(1) BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions;
(2) as a result, the Company incorrectly determined that the conversion option within the 2026 Convertible Notes qualified for the derivative scope exception under ASC 815-40 and failed to bifurcate the conversion option as required by ASC 815-15;
(3) accordingly, BigBear had improperly accounted for the 2026 Convertible Notes;
(4) the foregoing error caused BigBear to misstate various items in several of the Company's previously issued financial statements;
(5) as a result, these financial statements were inaccurate and would likely need to be restated;
(6) BigBear would require extra time and expense to correct the inaccurate financial statements, thereby increasing the risk that the Company would be unable to timely file certain financial reports with the SEC; and
(7) as a result, the Company's public statements were materially false and misleading at all relevant times.

What's Next?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/BBAI, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in BigBear you have until June 10, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC