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Important Update for BigBear.ai Investors

Levi & Korsinsky, LLP is urging shareholders of BigBear.ai Holdings, Inc. (NYSE: BBAI) to recognize an essential deadline regarding a class action securities lawsuit. This lawsuit is focused on claims of potential financial missteps and discrepancies that have affected investors significantly. The deadline to apply for lead plaintiff status is June 10, 2025.

Lawsuit Overview

The class action lawsuit is being pursued as a means to compensate investors who believe they have incurred losses due to alleged securities fraud. The applicable timeframe for these claims stretches from March 31, 2022, to March 25, 2025. If you are among the shareholders affected by this situation, now is the time to take action.

Allegations Against BigBear.ai

The lawsuit alleges that BigBear.ai was at fault for several critical misstatements regarding its financial standing. Key accusations include:
1. Weak Accounting Practices: It is claimed that the company maintained inadequate policies around accounting reviews related to certain unusual transactions.
2. Improper Handling of Financial Instruments: The lawsuit states that BigBear incorrectly assessed the conversion option for its 2026 Convertible Notes, neglecting necessary bifurcation as prescribed by accounting standards.
3. Misleading Financial Statements: As a result of the mismanagement, significant inaccuracies are claimed to exist in multiple previously issued financial statements, potentially requiring them to be restated to reflect the true state of the company.
4. Increased Reporting Burden: The company allegedly faces additional costs and delays in rectifying its financial reports, raising the likelihood of further complications in timely SEC filings.

Call to Action for Shareholders

Shareholders who believe they have experienced financial losses due to these alleged missteps are encouraged to act swiftly. By requesting to be designated as lead plaintiff, they can play a key role in guiding the course of the lawsuit. Importantly, involvement in the lawsuit does not necessitate serving as a lead plaintiff, offering flexibility for all shareholders.

Cost-Free Participation

For those concerned about financial outlays in this process, Levi & Korsinsky assures potential claimants that participation entails no costs or obligations out of pocket. Investors can pursue compensation without incurring any expenses.

Why Choose Levi & Korsinsky?

With a solid record over the past two decades, Levi & Korsinsky has successfully recovered substantial amounts for shareholders in various high-profile cases. The firm boasts a team of over 70 professionals, providing extensive expertise in complex securities litigation. Their acknowledgment as one of the country's leading securities litigation firms for seven consecutive years by ISS Securities Class Action Services speaks volumes about their capability and dedication.

Next Steps

To learn more about how to participate, shareholders can reach out to Levi & Korsinsky. For direct inquiries, Joseph E. Levi, Esq., is available via email at [email protected] or by phone at (212) 363-7500. Interested shareholders should not hesitate; the deadline for lead plaintiff applications is looming, and time is of the essence.

In conclusion, if you believe you have been affected by the actions of BigBear.ai Holdings during the relevant time frame, now is the moment to ensure that your voice is heard in this critical legal matter. Follow the provided link to seek further information and prepare for the upcoming deadline.

Contact Information

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

This article serves as an important reminder for potential recovering investors in BigBear.ai Holdings as they navigate their rights and responsibilities in a complex securities landscape.