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

Investors Urged to Lead BigBear.ai Holdings, Inc. Securities Fraud Lawsuit

The Rosen Law Firm, a globally recognized investor rights law firm, has issued an urgent reminder for individuals who purchased securities of BigBear.ai Holdings, Inc. (NYSE: BBAI) during the designated Class Period, from March 31, 2022, to March 25, 2025, regarding a significant deadline approaching on June 10, 2025. This deadline is crucial for those interested in stepping forward as lead plaintiffs in a class action lawsuit aimed at addressing alleged securities fraud.

Why This Matters

For investors who bought into BigBear.ai's securities during the stated Class Period, there is potential for compensation without any out-of-pocket costs due to a contingency fee arrangement. This arrangement means that legal fees will only be collected if the lawsuit results in a financial recovery. The law firm encourages affected investors to manage their claims proactively and join the class action, ensuring they do not miss out on potential restitution for financial losses incurred.

To participate in the BigBear.ai lawsuit, investors can easily submit their information through the online portal at Rosen Law Firm's website or by contacting attorney Phillip Kim at 866-767-3653, or via email at [email protected] . It's important to note that a formal class is yet to be certified, so individual representation by counsel is not guaranteed unless investors take the initiative.

Background of the Lawsuit

The lawsuit centers on allegations against BigBear.ai regarding the issuance of false or misleading statements throughout the class period. Key points of the complaint include:

• - Deficient Accounting Policies: BigBear.ai supposedly maintained inadequate accounting review practices concerning the reporting of complicated transactions.
• - Mismanagement of Convertible Notes: The firm is alleged to have inaccurately classified the conversion option of its 2026 Convertible Notes, failing to separate them as mandated under accounting regulations.
• - Impact on Financial Statements: These shortcomings led to material misstatements that would eventually require restatement of various financial reports issued by BigBear.ai, thereby raising concerns about the company's reliability in providing accurate financial data.
• - Increased Filing Risks: The identified errors indicated that BigBear.ai anticipated additional time and expenses in rectifying its financial reports, which heightened the risk of failing to meet submission deadlines set by the SEC.

When these truths about BigBear.ai emerged, investors allegedly suffered considerable damages due to the company's misleading public disclosures designed to boost investor confidence while concealing critical financial realities.

Choosing the Right Legal Counsel

Rosen Law Firm strongly emphasizes the need for investors to choose qualified legal representation to navigate the complexities of securities litigation. They spotlight that many firms might lack the necessary experience and resources or may not engage in actual litigation themselves but instead act as intermediaries. The Rosen Law Firm, noted for securing the largest securities class action settlement against a Chinese company, possesses a proven track record in successfully handling similar lawsuits, recovering substantial amounts for investors over the years.

In 2019, for instance, the firm was able to recover over $438 million for its clients, demonstrating its capacity and dedication to investor rights. They are consistently recognized among the top firms in the industry by ISS Securities Class Action Services.

Conclusion

The opportunity for affected investors to join the BigBear.ai class action lawsuit is time-sensitive, with a deadline of June 10, 2025. Affected individuals should act promptly to explore their legal options, begin the application process, or consult the Rosen Law Firm for further assistance. As they advocate for investor rights, they invite you to connect with them on LinkedIn, Twitter, or Facebook for ongoing updates regarding the lawsuit and necessary information.

Investing is inherently risky, but understanding your protections as an investor is vital, especially when navigating complex legal matters like securities fraud. Don't hesitate to take action today to safeguard your financial interests.