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BBAI DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages BigBear.ai Holdings, Inc. Investors to Secure Counsel Before Important June 10 Deadline in Securities Class Action - BBAI
BBAIBigBear.ai(BBAI) GlobeNewswire News Room·2025-05-31 16:22

Core Viewpoint - Rosen Law Firm is reminding investors who purchased BigBear.ai Holdings, Inc. securities between March 31, 2022, and March 25, 2025, of the June 10, 2025, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased BigBear.ai securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by June 10, 2025, to serve as lead plaintiff [2] - The lead plaintiff acts on behalf of other class members in directing the litigation [2] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has been ranked highly for its performance in this area [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3] Group 3: Case Allegations - The lawsuit alleges that BigBear.ai made false and misleading statements and failed to disclose deficiencies in its accounting review policies [4] - Specific issues include improper accounting for the 2026 Convertible Notes and the likelihood of needing to restate previously issued financial statements [4] - The inaccuracies in financial statements increased the risk of delays in filing reports with the SEC, leading to material misstatements in public disclosures [4]