Investor Alert: Robbins LLP Informs Stockholders of the BigBear.ai Holdings, Inc. Class Action

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for failing to disclose deficiencies in its accounting practices, leading to the need for restatement of financial statements [1][2][3] Group 1: Allegations and Financial Misstatements - The lawsuit alleges that BigBear maintained inadequate accounting review policies for unusual or complex transactions [2] - It is claimed that BigBear incorrectly accounted for the conversion option within the 2026 Convertible Notes, failing to bifurcate it as required [2] - The errors in accounting led to misstatements in previously issued financial statements, necessitating restatement [2][3] Group 2: Impact on Stock and Reporting - On March 18, 2025, BigBear disclosed that certain financial statements since fiscal year 2021 were unreliable and would be restated, causing a significant drop in stock price by $0.52, or 14.9$2.97 per share [3] - The company indicated it would be unable to file its Annual Report for 2024 without unreasonable effort or expense due to the identified material error [3] Group 3: Class Action Participation - Shareholders wishing to serve as lead plaintiffs in the class action must file their papers by June 10, 2025, but participation is not required to be eligible for recovery [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]