BigBear.ai Holdings, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before June 10, 2025 to Discuss Your Rights - BBAI

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of BigBear.ai Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements and accounting errors during a specified class period [1][2]. Group 1: Allegations and Issues - The complaint alleges that BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions [2] - It is claimed that BigBear 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 [2] - The errors led to BigBear improperly accounting for the 2026 Convertible Notes, resulting in misstated financial statements that would likely need to be restated [2] Group 2: Class Action Details - The class period for the lawsuit is defined as March 31, 2022, to March 25, 2025, with a deadline for shareholders to register by June 10, 2025 [2][3] - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [3] - There is no cost or obligation for shareholders to participate in the case [3] Group 3: Law Firm's Commitment - 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 [4] - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [4] - The firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [4]