June 10, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against BBAI

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].