Investigation Launched Against BigBear.ai Holdings for Potential Securities Law Violations
New York, NY – April 3, 2025 – Levi & Korsinsky, a leading securities law firm, announced today that it has commenced an investigation of BigBear.ai Holdings, Inc. (“BigBear.ai Holdings” or the “Company”) (NYSE:BBAI) for potential securities laws violations. The investigation focuses on whether the Company and its management violated federal securities laws in connection with the delay in filing its annual 10-K report with the Securities and Exchange Commission (“SEC”).
Background on BigBear.ai Holdings and the Delayed 10-K Filing
BigBear.ai Holdings is a leading artificial intelligence and machine learning solutions provider, headquartered in McLean, Virginia. The Company provides mission-critical AI solutions to various industries, including defense, intelligence, and homeland security. On March 18, 2025, BigBear.ai Holdings submitted a filing to the SEC, announcing that it would not be able to file its annual 10-K report on time due to the ongoing review of its financial statements by its external auditor.
The Investigation and Its Implications
Levi & Korsinsky’s investigation concerns whether BigBear.ai Holdings and its management misrepresented the Company’s financial condition or failed to disclose material information to investors, leading to artificial inflation of the stock price. The delay in filing the annual report raises concerns about the Company’s financial health and its ability to meet its financial obligations.
Impact on Individual Investors
- The potential for significant losses: The delay in filing the annual report could negatively impact the Company’s stock price and result in significant losses for individual investors.
- Uncertainty and volatility: The investigation and the delay in filing the annual report could lead to increased uncertainty and volatility in the Company’s stock price.
- Potential for class action lawsuit: Levi & Korsinsky’s investigation could lead to a class action lawsuit against the Company and its management, providing an opportunity for investors to recover their losses.
Impact on the Wider World
- Loss of investor confidence: The delay in filing the annual report and the potential for securities law violations could lead to a loss of investor confidence in the Company and the AI industry as a whole.
- Regulatory scrutiny: The investigation could result in increased regulatory scrutiny of the AI industry, potentially leading to new regulations and compliance costs.
- Impact on other companies in the industry: The investigation could negatively impact other companies in the AI industry, as investors become more cautious about investing in this sector.
Conclusion
The investigation into BigBear.ai Holdings for potential securities law violations raises significant concerns about the Company’s financial health and its ability to meet its obligations to investors. Individual investors could face significant losses, while the wider world could see a loss of investor confidence in the AI industry and increased regulatory scrutiny. As the investigation continues, it is essential for investors to stay informed and consider their options carefully.
Levi & Korsinsky encourages investors with an interest in BigBear.ai Holdings to contact the firm to discuss their potential legal rights and options. For more information, please contact Joseph E. Levi, Esq. or Yadira Serna at 212-363-7500 or via email at [email protected] or [email protected].
