BigBear.ai Holdings, Inc. (BBAI) Class Action Lawsuit Nears Lead Plaintiff Deadline – Contact Robbins LLP Before June 10, 2025

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for failing to disclose significant accounting errors that may require restating financial statements from fiscal year 2021 onward [1][2][3]. Group 1: Allegations and Financial Misstatements - The lawsuit alleges that BigBear maintained deficient accounting review policies, leading to incorrect accounting treatment of the 2026 Convertible Notes [2]. - It is claimed that BigBear failed to bifurcate the conversion option of the 2026 Convertible Notes as required, resulting in misstatements in previously issued financial statements [2]. - On March 18, 2025, BigBear disclosed that certain financial statements should no longer be relied upon and would be restated, causing a significant drop in stock price by 14.9% to $2.97 per share [3]. Group 2: Class Action Participation - Shareholders wishing to serve as lead plaintiffs must file their papers by June 10, 2025, but participation is not required to be eligible for recovery [4]. - The representation in the class action is on a contingency fee basis, meaning shareholders will not incur fees or expenses [5].