NEW
YORK, June 9, 2025 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders
of BigBear.ai Holdings, Inc. (NYSE: BBAI).
Shareholders who purchased shares of BBAI during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/bigbear-ai-holdings-inc-loss-submission-form/?id=151907&from=4
CLASS PERIOD: March 31,
2022 to March 25, 2025
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (i) BigBear
maintained deficient accounting review policies related to the
reporting and disclosure of certain non-routine, unusual, or
complex transactions; (ii) as a result, the Company incorrectly
determined that the conversion option within the 2026 Convertible
Notes qualified for the derivative scope exception under ASC 815-40
and failed to bifurcate the conversion option as required by ASC
815-15; (iii) accordingly, BigBear had improperly accounted for the
2026 Convertible Notes; (iv) the foregoing error caused BigBear to
misstate various items in several of the Company's previously
issued financial statements; (v) as a result, these financial
statements were inaccurate and would likely need to be restated;
(vi) BigBear would require extra time and expense to correct the
inaccurate financial statements, thereby increasing the risk that
the Company would be unable to timely file certain financial
reports with the SEC; and (vii) as a result, the Company's public
statements were materially false and misleading at all relevant
times.
DEADLINE: June 10, 2025
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/bigbear-ai-holdings-inc-loss-submission-form/?id=151907&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of BBAI during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is June 10, 2025. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm
