Faruqi & Faruqi, LLP Investigates BigBear.ai Claims for Investors

Investor Alert: BigBear.ai under Investigation by Faruqi & Faruqi

In a significant move for investors, Faruqi & Faruqi, LLP, a nationally recognized securities law firm, has announced an investigation into potential claims against BigBear.ai Holdings, Inc. (NYSE: BBAI). This inquiry focuses particularly on investors who have suffered financial losses exceeding $50,000 due to the company's alleged financial irregularities between March 31, 2022, and March 25, 2025.

Background of the Investigation

The probe by Faruqi & Faruqi arises from serious allegations that BigBear and its executives may have breached federal securities laws. Reports indicate that the firm made misleading statements or failed to disclose crucial information regarding its accounting practices. Specifically, there are claims that BigBear maintained inadequate review policies when it comes to reporting certain non-routine and complex transactions.

Specific Allegations

1. Deficient Accounting Policies: It is alleged that the company did not adequately account for the conversion options associated with its 2026 Convertible Notes. These accounting failures reportedly led to inaccuracies in previously issued financial statements, which are now subject to potential restatement.
2. Delayed Financial Filings: On March 18, 2025, BigBear announced a delay in filing its 2024 10-K report and highlighted that financial statements dating back to fiscal year 2021 would need to be revisited and should no longer be relied upon. This announcement triggered a significant drop in the company's stock price, falling approximately 15% from $3.49 to $2.97 per share.
3. Further Decreases in Stock Value: The situation worsened on March 25, 2025, when the company disclosed the restatement of its 2024 financial statements, leading to another decline in stock price by about 9%, further damaging investor confidence.

Call to Action for Investors

Faruqi & Faruqi is urging investors who have experienced such losses to reach out and discuss their legal options. The law firm has set a deadline of June 10, 2025, for investors wishing to seek the role of lead plaintiff in a federal class action suit against BigBear. In this capacity, the lead plaintiff would help steer the lawsuit on behalf of similarly affected investors.

Contact Information

For any investor with valuable insights into BigBear's dealings or who has suffered losses, Faruqi & Faruqi encourages you to get in touch. This includes whistleblowers and former employees. The firm assures that all communications will remain confidential.

To discuss your situation directly, you can reach out to Faruqi & Faruqi partner James (Josh) Wilson at their dedicated numbers: 877-247-4292 or 212-983-9330 (Ext. 1310).

For those looking for additional information or wanting to stay updated about the ongoing investigation and class action, check out their website at Faruqi Law.

This significant investigation underscores the critical importance of investor rights and the proper functioning of financial disclosures. As the case develops, it will be essential for those impacted to remain informed and engaged with the legal processes ahead.