PHILADELPHIA, June 09, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) (NYSE: BBAI) on behalf of purchasers of BigBear securities between March 31, 2022 through March 25, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired BigBear securities during the Class Period may, no later than JUNE 10, 2025, seek to be appointed as a lead plaintiff ...

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged accounting deficiencies and misrepresentation of financial information during the Class Period from March 31, 2022, to March 25, 2025 [1][4]. Company Overview - BigBear.ai Holdings, Inc. is an AI-driven technology company based in McLean, VA, specializing in national security, supply chain management, and digital identity and biometrics solutions [3]. - The company underwent a business combination with GigCapital4, Inc., a special purpose acquisition company, which was completed on December 7, 2021, and subsequently issued $200 million in convertible notes maturing on December 15, 2026 [3]. Legal Allegations - The lawsuit claims that BigBear failed to disclose several critical issues, including: - Deficient accounting review policies [4]. - Incorrect determination regarding the conversion option of the 2026 Notes, which did not comply with Accounting Standards Codification [4]. - Improper accounting practices related to the 2026 Notes [4]. Investor Information - Investors who purchased BigBear securities during the Class Period have until June 10, 2025, to seek appointment as lead plaintiff representatives [2].

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged accounting deficiencies and misstatements during the Class Period from March 31, 2022, to March 25, 2025 [1][4]. Company Overview - BigBear.ai Holdings, Inc. is an AI-driven technology company based in McLean, VA, providing solutions in national security, supply chain management, and digital identity and biometrics [3]. - The company went public through a business combination with GigCapital4, Inc. in December 2021 and issued $200 million in convertible notes maturing on December 15, 2026 [3]. Allegations and Financial Impact - The lawsuit alleges that BigBear failed to disclose deficiencies in its accounting review policies and incorrectly accounted for the conversion option within its 2026 Notes, violating Accounting Standards Codification [4]. - On March 18, 2025, BigBear announced that certain financial statements since fiscal year 2021 should no longer be relied upon, leading to a stock price drop of $0.52 (14.9%) to $2.97 per share [5]. - Following the filing of its 2024 10-K on March 25, 2025, which disclosed a material weakness in internal controls and restated financial statements, the stock price fell an additional $0.32 (9.11%) to close at $3.19 per share [6].

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged accounting deficiencies and misrepresentation of financial information during the Class Period from March 31, 2022, to March 25, 2025 [1][4]. Company Overview - BigBear.ai Holdings, Inc. is an AI-driven technology company based in McLean, VA, specializing in national security, supply chain management, and digital identity and biometrics solutions [3]. - The company underwent a business combination with GigCapital4, Inc., a special purpose acquisition company, which was completed on December 7, 2021, and subsequently issued $200 million in convertible notes maturing on December 15, 2026 [3]. Legal Allegations - The lawsuit claims that BigBear failed to disclose several critical issues, including: - Deficient accounting review policies [4]. - Incorrect determination regarding the conversion option of the 2026 Notes, which did not meet the criteria for the derivative scope exception under Accounting Standards Codification (ASC) 815-40 [4]. - Improper accounting treatment of the 2026 Notes due to the failure to bifurcate the conversion option as required by ASC 815-15 [4].

NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) (NYSE: BBAI) and certain officers.   The class action, filed in the United States District Court for the Eastern District of Virginia , and docketed under 25-cv-00623, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired BigBear securities between March 31, 2022 and Ma ...

PHILADELPHIA, June 02, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) (NYSE: BBAI) on behalf of purchasers of BigBear securities between March 31, 2022 through March 25, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired BigBear securities during the Class Period may, no later than JUNE 10, 2025, seek to be appointed as a lead plaintiff ...

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged misstatements in financial reporting during the class period from March 31, 2022, to March 25, 2025 [1]. Company Overview - BigBear.ai Holdings, Inc. is an AI-driven technology company based in McLean, VA, specializing in national security, supply chain management, and digital identity and biometrics solutions [3]. - The company underwent a business combination with GigCapital4, Inc., a special purpose acquisition company, which was completed on December 7, 2021, and subsequently issued $200 million in convertible notes maturing on December 15, 2026 [3]. Financial Reporting Issues - On March 18, 2025, BigBear announced that certain financial statements since fiscal year 2021 should no longer be relied upon and would be restated, particularly regarding the accounting treatment of the 2026 Notes. Following this announcement, the stock price dropped by $0.52, or 14.9%, closing at $2.97 per share [4]. - On March 25, 2025, BigBear filed its 2024 10-K, revealing that a conversion option in the 2026 Notes was incorrectly classified, leading to a restatement of financial statements. The company also identified a material weakness in its internal control over financial reporting, stating that it had not consistently executed its technical accounting review policies for certain complex transactions. This led to a further stock price decline of $0.32, or 9.11%, closing at $3.19 per share on March 26, 2025 [5].

NEW YORK, May 26, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against BigBear.ai Holdings, Inc. ("BigBear" or the "Company") (NYSE: BBAI) and certain officers.  The class action, filed in the United States District Court for the Eastern District of Virginia , and docketed under 25-cv-00623, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired BigBear securities between March 31, 2022 and March 25 ...

PHILADELPHIA, May 23, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) (NYSE: BBAI) on behalf of purchasers of BigBear securities between March 31, 2022 through March 25, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired BigBear securities during the Class Period may, no later than JUNE 10, 2025, seek to be appointed as a lead plaintiff ...

PHILADELPHIA, April 28, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) (NYSE: BBAI) on behalf of purchasers of BigBear securities between March 31, 2022 through March 25, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired BigBear securities during the Class Period may, no later than JUNE 10, 2025, seek to be appointed as a lead plaintif ...