NEW YORK, May 13, 2025 (GLOBE NEWSWIRE) -- 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 ...

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from March 31, 2022, to March 25, 2025, seeking damages for misleading statements regarding the company's financial practices and accounting policies [1][10]. Group 1: Lawsuit Details - The class action was filed in the United States District Court for the Eastern District of Virginia, seeking to recover damages for all persons and entities that purchased BigBear securities during the specified Class Period [1]. - Investors have until June 10, 2025, to request appointment as Lead Plaintiff for the class [2]. Group 2: Company Background - BigBear is an artificial intelligence-driven technology solutions company that provides services in national security, supply chain management, and digital identity and biometrics [4]. - The company underwent a merger with GigCapital4, Inc. in December 2021, resulting in the renaming of GigCapital4 to BigBear.ai Holdings, Inc. [5]. Group 3: Financial Instruments and Accounting Issues - Following the merger, BigBear issued $200 million of unsecured convertible notes due to mature on December 15, 2026, with a 6.0% annual interest rate [6]. - The complaint alleges that BigBear failed to properly account for the conversion option within the 2026 Convertible Notes, leading to misstatements in financial reports [10]. - On March 18, 2025, BigBear disclosed that certain financial statements since fiscal year 2021 should no longer be relied upon due to a material error in accounting treatment, resulting in a stock price drop of 14.9% [11]. - The 2024 10-K filing revealed that the conversion option was incorrectly deemed eligible for a scope exception, necessitating restatement of financial statements and identification of a material weakness in internal controls [12].

NEW YORK, May 13, 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. The Stock Declines as the Truth is Revealed Investors have u ...

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][2]. Group 1: Lawsuit Details - The lawsuit claims that BigBear.ai Holdings made false statements and concealed deficiencies in accounting review policies related to unusual transactions [2]. - It is alleged that the company incorrectly accounted for the 2026 Convertible Notes, failing to bifurcate the conversion option as required by accounting standards [2]. - The errors in accounting led to the misstatement of various items in previously issued financial statements, which may need to be restated [2]. - The inaccuracies in financial statements increased the risk of delays in filing reports with the SEC, rendering public statements materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until June 10, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as a leading securities litigation firm in the U.S. [4].

Core Viewpoint - BigBear.ai Holdings, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its financial reporting and accounting practices during the class period from March 31, 2022, to March 25, 2025 [3]. Summary by Relevant Sections Allegations - The complaint alleges that BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions [3]. - 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 [3]. - As a result of these errors, BigBear misaccounted for the 2026 Convertible Notes, leading to inaccuracies in several previously issued financial statements [3]. - The inaccuracies in financial statements may require restatement, increasing the risk of delays in filing certain financial reports with the SEC [3]. Class Action Details - Shareholders who purchased shares of BBAI during the specified class period are encouraged to register for the class action, with a deadline set for June 10, 2025 [4]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [4]. - There is no cost or obligation for shareholders to participate in this case [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements or omissions [5].

NEW YORK, May 12, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of BigBear.ai Holdings, Inc. (NYSE: BBAI).Shareholders who purchased shares of BBAI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/bigbear-ai-holdings-inc-loss-submission-form/?id=147724&from=4CLASS PERIOD: March ...

Core Viewpoint - A lawsuit has been filed against BigBear.ai Holdings, Inc. and its senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Group 1: Company Overview - BigBear.ai is an AI-driven technology solutions company that focuses on operationalizing AI for national security, supply chain management, and digital identity and biometrics [3]. - The company went public through a SPAC transaction, merging with GigCapital4 Merger Sub Corporation and subsequently with GigCapital4, Inc. [4]. Group 2: Financial Misstatements - BigBear.ai issued $200 million of unsecured convertible notes with a maturity date of December 15, 2026, but improperly accounted for these notes, leading to misstatements in its financial statements [4]. - On March 18, 2025, BigBear.ai announced a delay in filing its 2024 10-K, stating that certain financial statements since fiscal year 2021 should no longer be relied upon, resulting in a stock price decline of approximately 15% [5]. - Following the filing of the restated 2024 10-K on March 25, 2025, which disclosed a material weakness in internal controls, the stock price fell by about 9% [6].

Core Insights - BigBear.ai has gained attention in the AI market due to perceived similarities with Palantir [1] - The video discusses BigBear.ai's business model, growth prospects, and associated risks [1] Company Overview - BigBear.ai is positioned within the AI sector, attracting investor interest [1] - The company is compared to Palantir, indicating a potential for similar market dynamics [1] Growth Opportunities - The analysis highlights potential growth opportunities for BigBear.ai in the AI market [1] - Investors are optimistic about the company's future performance based on its business model [1] Risks - The video also addresses risks associated with BigBear.ai, although specific details are not provided [1]

NEW YORK, May 09, 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 ...

NEW YORK, May 9, 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/bigbea ...