Core Viewpoint - A securities fraud lawsuit has been filed against BigBear.ai Holdings, Inc. and certain executives due to misleading financial statements and restatements of prior financial results [1][2]. Group 1: Company Financial Issues - On March 18, 2025, BigBear disclosed that certain financial statements since fiscal year 2021 should no longer be relied upon and would be restated due to a material error related to the accounting treatment of the 2026 Convertible Notes [2]. - The company indicated it would be unable to timely file its Annual Report for 2024 without unreasonable effort or expense [2]. Group 2: Investor Eligibility - Investors who purchased BigBear.ai common stock between March 31, 2022, and March 25, 2025, and have experienced a decline in their shares may be eligible to participate in the lawsuit [3]. Group 3: Legal Process and Actions - The deadline to seek appointment as lead plaintiff is June 10, 2025, and a class has not yet been certified [4]. - Investors who have lost money on their investment are encouraged to contact Block & Leviton for further information [4]. Group 4: Whistleblower Information - Individuals with non-public information about BigBear.ai are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 5: Firm Background - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].
BBAI Investor ALERT: BigBear.ai Holdings, Inc. Sued For Securities Fraud; Investors Should Contact Block & Leviton to Potentially Recover Losses