Levi & Korsinsky Notifies Shareholders of BigBear.ai Holdings, Inc.(BBAI) of a Class Action Lawsuit and an Upcoming Deadline

1. Class action lawsuit filed against BigBear.ai for alleged securities fraud. 2. Allegations involve inaccurate financial statements and improper accounting practices. 3. Complaints claim misstatements led to misleading public information about the company. 4. Affected investors can seek lead plaintiff status until June 10, 2025. 5. No costs for participating investors to recover potential losses.

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FAQ

Why Very Bearish?

The class action lawsuit indicates significant governance and financial issues, hindering investor confidence. Historical cases show similar lawsuits often lead to declining stock prices.

How important is it?

An ongoing class action lawsuit carries substantial implications for BBAI's stock valuation and investor sentiment. Legal challenges tied to financial reporting concerns are critical in assessing future risk.

Why Short Term?

The lawsuit's immediate impact may influence stock performance as public perceptions change quickly. Previous cases demonstrate swift adverse reactions in the marketplace following such announcements.

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NEW YORK, April 25, 2025 /PRNewswire/ --

Levi & Korsinsky, LLP notifies investors in BigBear.ai Holdings, Inc. ("BigBear.ai Holdings" or the "Company") (NYSE: BBAI) of a class action securities lawsuit.

CLASS DEFINITION:

The lawsuit seeks to recover losses on behalf of BigBear.ai Holdings investors who were adversely affected by alleged securities fraud between March 31, 2022 and March 25, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/bigbear-ai-holdings-inc-lawsuit-submission-form?prid=144903&wire=4

BBAI investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS:

The filed complaint alleges that defendants made false statements and/or concealed that:

(i) BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions;
(ii) 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;
(iii) accordingly, BigBear had improperly accounted for the 2026 Convertible Notes;
(iv) the foregoing error caused BigBear to misstate various items in several of the Company's previously issued financial statements;
(v) as a result, these financial statements were inaccurate and would likely need to be restated;
(vi) 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
(vii) as a result, the Company's public statements were materially false and misleading at all relevant times.

WHAT'S NEXT?

If you suffered a loss in BigBear.ai Holdings during the relevant time frame, 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 a lead plaintiff.

NO COST TO YOU:

If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY:

Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP