BBAI Investors with Losses of $100,000 Have Final Opportunity to Lead BigBear.ai Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for violations of securities laws, alleging that the company made false and misleading statements regarding its financial disclosures [1][4]. Group 1: Lawsuit Details - The lawsuit is based on alleged violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased BigBear's securities between March 31, 2022, and March 25, 2025, are encouraged to participate in the class action [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against BigBear - The complaint states that BigBear failed to maintain adequate accounting review policies for complex transactions [4]. - The company incorrectly believed that the conversion option in its 2026 Convertible Notes qualified for a derivative scope exception, leading to non-compliance with relevant accounting standards [4]. - As a result of these issues, BigBear is expected to restate its previously issued financial statements, which were found to be materially misleading [4].