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: Allegations and Financial Misstatements - The lawsuit claims that BigBear maintained inadequate accounting review policies regarding the reporting of complex 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]. - Due to these errors, BigBear misrepresented various items in its previously issued financial statements, which may need to be restated [2]. - The inaccuracies in financial statements could lead to delays in filing reports with the SEC, increasing operational risks for the Company [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 10, 2025, to request appointment as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky 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 as one of the top securities litigation firms in the United States for seven consecutive years [4].
June 10, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against BBAI