#United States #New York #Levi & Korsinsky #Securities Fraud #BigBear.ai

BigBear.ai Holdings Faces Legal Actions Amid Alleged Violations

In a significant development for investors in BigBear.ai Holdings, Inc., the company is now embroiled in a class action lawsuit concerning alleged violations of securities laws. The lawsuit, filed by Levi & Korsinsky, LLP, aims to address claims associated with securities fraud that allegedly impacted investors during a specified period from March 31, 2022, to March 25, 2025.

Class Action Details

The class action specifically seeks to recoup losses endured by shareholders who may have been adversely affected by what is described as securities fraud. Investors who invested in BigBear.ai Holdings (NYSE: BBAI) during this timeframe are particularly targeted. Levi & Korsinsky encourages individuals to familiarize themselves with their rights and to act before the impending deadline on June 10, 2025.

Allegations Against BigBear.ai

The filed complaint alleges several key misrepresentations and omissions by BigBear.ai that ultimately misled investors:

• - Deficient Accounting Practices: It is claimed that the company failed to maintain adequate accounting review policies, especially regarding the disclosure of complex transactions.
• - Improper Financial Reporting: The complaint further alleges that BigBear made incorrect determinations regarding the derivative scope exception for its 2026 Convertible Notes, failing to separate the conversion option as mandated by accounting standards.
• - Misstated Financial Statements: Due to the alleged mismanagement, BigBear reportedly misstated a variety of items in its financial reports, indications that significant restatements may be unavoidable.
• - Increase in Reporting Risks: The repercussions of these errors are extensive, suggesting the company may struggle to timely file essential reports with the SEC, thus jeopardizing investor confidence and regulatory compliance.

These allegations have painted a troubling picture of BigBear.ai’s commitment to transparent and accurate reporting, raising questions about the company’s governance and accountability.

Next Steps for Investors

Investors who believe they have suffered losses due to the alleged securities violations are urged to act promptly. Levi & Korsinsky has detailed that there is no cost or obligation for class members to participate. Moreover, interested parties do not necessarily have to serve as lead plaintiffs to share in potential recovery outcomes.

Why Choose Levi & Korsinsky?

With over two decades of experience, Levi & Korsinsky has built a commendable reputation in securing substantial financial recoveries for shareholders through complex litigation. Their dedicated team, consisting of more than 70 professionals, is well-equipped to navigate the complexities of securities law and investor rights. The firm has consistently ranked as one of the leading securities litigation firms as reported by ISS Securities Class Action Services, underscoring their capability and commitment to defending investor interests.

Contact Information

For those who wish to discuss their rights or seek further information on the allegations against BigBear.ai Holdings, they can reach out to Joseph E. Levi or Ed Korsinsky at:

• - Phone: (212) 363-7500
• - Email: [email protected]
• - Office Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

This lawsuit serves as an essential reminder for shareholders to remain vigilant about their investments and to advocate for their rights in the face of potential corporate misconduct. As the case develops, all eyes will remain on BigBear.ai Holdings and the outcomes that may emerge from this significant legal action.