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BigBear.ai Holdings, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before June 10, 2025 to Discuss Your Rights – BBAI
BigBear.aiBigBear.ai(US:BBAI) GlobeNewswire News Room·2025-06-10 17:05

Core 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: Allegations of Fraud - The lawsuit claims that BigBear.ai Holdings made false statements and concealed deficiencies in accounting review policies related to unusual or complex transactions [2]. - It is alleged that the company incorrectly determined the treatment of the conversion option within the 2026 Convertible Notes, failing to bifurcate it as required by accounting standards [2]. - The misstatements in financial statements are said to require restatement, increasing the risk of delays in filing reports with the SEC [2]. Group 2: Legal Process and Participation - 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 one of the top securities litigation firms in the United States [4].