Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for failing to disclose significant accounting errors that may require restating financial statements from fiscal year 2021 onward [1][2][3]. Group 1: Allegations and Financial Misstatements - The complaint alleges that BigBear maintained deficient accounting review policies, leading to incorrect accounting treatment of the 2026 Convertible Notes [2]. - As a result of these deficiencies, BigBear's financial statements were found to be inaccurate and would likely need to be restated [2]. - On March 18, 2025, BigBear disclosed that certain financial statements should no longer be relied upon, causing a significant drop in stock price by 14.9% to $2.97 per share [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against BigBear, with a deadline to file as lead plaintiff by June 10, 2025 [4]. - Shareholders do not need to participate in the case to be eligible for recovery, allowing them to remain absent class members if they choose [4]. Group 3: Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In BigBear.ai To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in BigBear.ai between March 31, 2022 and March 25, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- Far ...

NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) (NYSE: BBAI) and certain officers.   The class action, filed in the United States District Court for the Eastern District of Virginia , and docketed under 25-cv-00623, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired BigBear securities between March 31, 2022 and Ma ...

PHILADELPHIA, June 02, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) (NYSE: BBAI) on behalf of purchasers of BigBear securities between March 31, 2022 through March 25, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired BigBear securities during the Class Period may, no later than JUNE 10, 2025, seek to be appointed as a lead plaintiff ...

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for violations of federal securities laws, specifically related to misleading financial statements and inadequate accounting review policies [1][2] Group 1: Lawsuit Details - The lawsuit alleges that BigBear made false and misleading statements regarding its accounting practices, particularly concerning the conversion option in its 2026 Convertible Notes [2] - The company is accused of failing to comply with Accounting Standards Codification (ASC) 815-40 and ASC 815-15, leading to misstated financial statements that will require restatement [2] Group 2: Shareholder Information - Shareholders who purchased BigBear's securities between March 31, 2022, and March 25, 2025, are encouraged to contact the law firm before June 10, 2025, to participate in the lawsuit [1][2]

Core Viewpoint - BigBear.ai has experienced significant volatility in its stock price, with a 142% increase over the past year, but has recently faced a 24% decline in the last three months, raising concerns about its growth potential and profitability [1][2]. Group 1: Sales Performance - BigBear.ai's revenue growth has been disappointing, with only a 5% year-over-year increase to $34.8 million in the most recent quarter, and flat revenue in 2023 with a projected 7% increase for the current year [4][5]. - In comparison, Palantir Technologies, another AI data analytics company, achieved a 29% sales growth last year, highlighting BigBear.ai's underperformance in a rapidly growing market [5]. Group 2: Profitability Concerns - The company reported an adjusted EBITDA loss of $7.0 million in the first quarter, worsening from a loss of $1.6 million in the same quarter the previous year, indicating ongoing financial struggles [6][7]. - Increased research and development expenses, along with rising selling, general, and administrative costs, are contributing to the company's inability to achieve profitability [7]. Group 3: Leadership Instability - BigBear.ai has undergone significant leadership changes, having three CEOs in the past four years, which raises concerns about the company's strategic direction and stability [8][9]. - The current CEO, Kevin McAleenan, has been in position since January and has a background in government, which may influence the company's ability to secure government contracts, but stability in leadership is crucial for long-term success [9]. Group 4: Investment Outlook - Given the combination of weak sales growth, ongoing losses, and leadership changes, the current outlook for BigBear.ai suggests it is not a favorable investment opportunity in a market with more compelling AI stocks [10].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased BigBear.ai Holdings, Inc. securities between March 31, 2022, and March 25, 2025, of the June 10, 2025, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased BigBear.ai securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by June 10, 2025, to serve as lead plaintiff [2] - The lead plaintiff acts on behalf of other class members in directing the litigation [2] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has been ranked highly for its performance in this area [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3] Group 3: Case Allegations - The lawsuit alleges that BigBear.ai made false and misleading statements and failed to disclose deficiencies in its accounting review policies [4] - Specific issues include improper accounting for the 2026 Convertible Notes and the likelihood of needing to restate previously issued financial statements [4] - The inaccuracies in financial statements increased the risk of delays in filing reports with the SEC, leading to material misstatements in public disclosures [4]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against BigBear.ai Holdings, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading financial statements and accounting practices [2][4]. Group 1: Allegations and Financial Impact - The complaint alleges that BigBear maintained deficient accounting review policies, leading to incorrect determinations regarding the 2026 Convertible Notes and improper accounting practices [4]. - As a result of these errors, BigBear's financial statements since fiscal year 2021 are deemed unreliable and will require restatement, increasing the risk of delayed filings with the SEC [4][6]. - Following the announcement of the delayed filing of its 2024 10-K, BigBear's stock price fell approximately 15%, from $3.49 on March 17, 2025, to $2.97 on March 18, 2025 [5]. - After the filing of the restated 2024 10-K, the stock price declined further by about 9%, from $3.51 on March 25, 2025, to $3.19 on March 26, 2025 [7]. Group 2: Legal Proceedings and Investor Actions - Investors who suffered losses in BigBear.ai between March 31, 2022, and March 25, 2025, are encouraged to discuss their legal rights and options with Faruqi & Faruqi [1]. - There is a June 10, 2025, deadline for investors to seek the role of lead plaintiff in the federal securities class action against BigBear [2]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [8].

NEW YORK, May 31, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against BigBear.ai Holdings, Inc. (NYSE: BBAI) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in BigBear.ai, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/bigbearai-holdings-inc. Investors have until June 10, 2025, to ask the Court to be a ...

Core Viewpoint - A class action securities lawsuit has been filed against BigBear.ai Holdings, alleging securities fraud that affected investors between March 31, 2022, and March 25, 2025 [1]. Group 1: Lawsuit Details - The complaint alleges that BigBear.ai Holdings maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions [2]. - It is claimed that 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 [2]. - The alleged accounting errors caused BigBear to misstate various items in several previously issued financial statements, which are likely to require restatement [2]. - The inaccuracies in financial statements increased the risk that the Company would be unable to timely file certain financial reports with the SEC [2]. - As a result, the Company's public statements were materially false and misleading during the relevant time [2]. Group 2: Next Steps for Investors - Investors who suffered losses in BigBear.ai Holdings during the relevant time frame have until June 10, 2025, to request the Court to appoint them as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky has a track record of securing hundreds of millions of dollars for aggrieved shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States for seven consecutive years [4].