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Securities law

Securities Lawsuit Filed Against BigBear.ai Holdings, Inc.

Strategic Insights

— 1 min read

BigBear.ai Holdings, Inc., a provider of AI and data analytics, is at the center of a securities class action lawsuit alleging securities fraud. The lawsuit was filed by Levi & Korsinsky, LLP on behalf of investors affected by alleged false statements made by the company between March 31, 2022, and March 25, 2025. The law firm is seeking to recover losses on behalf of affected investors, with a deadline to request lead plaintiff appointment set for June 10, 2025.

Key Takeaways:

  • The lawsuit alleges that BigBear.ai Holdings made false statements and/or concealed that the company maintained deficient accounting review policies, leading to incorrect financial statements and potentially requiring restatement.
  • The defendant allegedly improperly accounted for the 2026 Convertible Notes, causing BigBear to misstate various items in several of its previously issued financial statements.
  • The company's public statements were allegedly materially false and misleading at all relevant times.
  • The law firm is seeking to recover losses on behalf of investors who purchased BigBear.ai Holdings stock during the relevant time period.
  • The deadline to request lead plaintiff appointment is June 10, 2025.
  • The law firm, Levi & Korsinsky, LLP, has a track record of securing hundreds of millions of dollars for aggrieved shareholders in complex securities litigation cases.

Statistics:

  • The lawsuit covers the period from March 31, 2022, to March 25, 2025.
  • The deadline to request lead plaintiff appointment is June 10, 2025.
  • The law firm has secured hundreds of millions of dollars for aggrieved shareholders in complex securities litigation cases.
  • BigBear.ai Holdings is a provider of AI and data analytics services.

Sources:

  • Levi & Korsinsky, LLP notifies investors in BigBear.ai Holdings, Inc. of a class action securities lawsuit.
  • Class Definition: The lawsuit seeks to recover losses on behalf of BigBear.ai Holdings investors who were adversely affected by alleged securities fraud between March 31, 2022, and March 25, 2025.
  • Source: [Levi & Korsinsky, LLP notifies investors in BigBear.ai Holdings, Inc. of a class action securities lawsuit.]

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