LOS ANGELES, April 28, 2025 — The Schall Law Firm, a national shareholder rights litigation firm, is reminding investors of a class action lawsuit against BigBear.ai Holdings, Inc. (“BigBear” or “the Company”) BBAI. The lawsuit alleges violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 set forth by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between March 31, 2022 and March 25, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before June 10, 2025.

For shareholders who experienced losses, there is an opportunity to participate in this case.

Interested parties can reach out to Brian Schall of the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, by calling 310-301-3335. More information is also available through the firm’s website at www.schallfirm.com or via email at [email protected].

It is important to note that the class has not yet been certified. Until that occurs, individuals are not represented by an attorney. Those who take no action will remain absent class members.

The Complaint alleges that the Company issued false and misleading statements in the market. BigBear reportedly failed to maintain sufficient accounting review policies concerning the disclosure of non-routine and complex transactions. Furthermore, the Company mistakenly believed the conversion option in its 2026 Convertible Notes qualified for a derivative scope exception under Accounting Standards Codification (“ASC”) 815-40. This led to non-compliance with ASC 815-15 regarding the bifurcation of the conversion option, resulting in the misstating of several items in its previously issued financial statements. Consequently, the Company is expected to restate its financial results, revealing that its public disclosures were false and materially misleading throughout the class period. As news surfaced, affected investors experienced financial losses.

Investors are encouraged to join the case to seek recovery of their losses.

The Schall Law Firm focuses on representing investors worldwide and specializes in securities class action lawsuits and shareholder rights litigation.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

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SOURCE: The Schall Law Firm