BigBear.ai(US:BBAI) Prnewswire·2025-05-23 09:45Core 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]. Group 1: Lawsuit Details - The complaint claims that BigBear.ai Holdings made false statements and concealed deficiencies in accounting review policies related to unusual 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]. - The errors led to misstatements in previously issued financial statements, which may need to be restated, increasing the risk of delayed filings with the SEC [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until June 10, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [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 history of securing significant settlements for shareholders and is recognized as a leading firm in securities litigation [4]. - The firm has over 70 employees dedicated to serving clients in complex securities cases and has been ranked among the top securities litigation firms in the U.S. for seven consecutive years [4].