#United States #New York #Class Action #Gross Law Firm #BigBear.ai

Class Action Lawsuit Against BigBear.ai Holdings, Inc.

On May 22, 2025, The Gross Law Firm announced a class action lawsuit targeting BigBear.ai Holdings, Inc., a company listed on NYSE under the symbol BBAI. Shareholders who acquired shares during the specified timeframe are encouraged to engage with the law firm regarding potential legal recourse.

Details of the Case

The class action is based on allegations that BigBear.ai made materially false statements and failed to disclose significant information concerning its financial operations. Specifically, the complaint outlines several key issues:

1. Deficient Accounting Practices: It was claimed that BigBear failed to implement adequate accounting reviews relating to non-routine financial transactions. This oversight resulted in a misclassification of financial instruments under Generally Accepted Accounting Principles (GAAP).
2. Misstatements in Financial Reporting: The company allegedly did not bifurcate the conversion option within the 2026 Convertible Notes per the required Accounting Standards Codification (ASC). This failure led to significant errors in financial reporting, causing the company to potentially need restatements of previously released financial statements.
3. Impact on Financial Statements: The complaint asserts that due to the inaccuracies in accounting treatment, numerous financial statements reflected inflated values. This has raised concerns about the company's transparency and accountability in its financial disclosures over the class period.
4. Increased Risk of Regulatory Scrutiny: The issues raised could ultimately affect BigBear’s ability to file documentation with the Securities and Exchange Commission (SEC), creating additional risks for investors.

Who Can Participate?

Shareholders who purchased BigBear.ai shares within the class period, which spans from March 31, 2022, to March 25, 2025, are eligible to participate in the lawsuit. Interested parties must register their information by June 10, 2025, to secure their place in this class action.

Once registered, participants will be enrolled in a portfolio tracking system, offering them ongoing updates regarding the lawsuit’s progress.

Why Choose The Gross Law Firm?

The Gross Law Firm has built a reputation as a leading national class action law firm, dedicated to safeguarding the rights of investors affected by fraudulent and deceptive business practices. Their mission is to hold corporations accountable and ensure every investor has a voice in the fight for justice and recovery.

For shareholders who believe their investments have suffered due to BigBear’s alleged misconduct, opting into this class action could be a crucial step in seeking restitution for lost funds. Registration is quick, cost-free, and entails no obligation.

Next Steps

1. Register: Shareholders should not hesitate; registration for participation must be completed by June 10, 2025.
2. Contact Info: Interested parties can initiate their engagement with The Gross Law Firm via this link.
3. Monitoring: After registration, participants will receive updated information about the status of the class action and any further legal proceedings surrounding BigBear.ai Holdings, Inc.

In conclusion, if you are a shareholder of BigBear.ai Holdings, now is the time to take action. Engage with The Gross Law Firm to secure your rights and be an integral part of this class action lawsuit. Stay informed, stay protected, and ensure that your voice is heard in the ongoing pursuit of justice and financial accountability.

Contact Information
The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY 10018
Email: [email protected]
Phone: (646) 453-8903