Latest news with #BigBear
Associated Press
8 hours ago
- Business
- Associated Press
BBAI Investors Have the Opportunity to Lead the BigBear.ai Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in between March 31, 2022 and March 25, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - June 3, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Holdings, Inc. ('BigBear' or the 'Company') (NYSE: BBAI) and reminds investors of the June 10, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. [ This image cannot be displayed. Please visit the source: ] Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions; (2) 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; (3) accordingly, BigBear had improperly accounted for the 2026 Convertible Notes; (4) the foregoing error caused BigBear to misstate various items in several of the Company's previously issued financial statements; (5) as a result, these financial statements were inaccurate and would likely need to be restated; (6) 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 U.S. Securities and Exchange Commission ('SEC'); and (7) as a result, the Company's public statements were materially false and misleading at all relevant times. On March 18, 2025, delayed the filing of its 2024 10K, disclosing that certain of the Company's financial statements since fiscal year 2021 should no longer be relied upon and would be restated. On this news, the price of stock declined roughly 15%, from a closing price of $3.49 per share on March 17, 2025, to $2.97 per share on March 18, 2025. Then, on March 25, 2025, after market, BigBear filed its 2024 10-K restating its consolidated financial statements 'to reflect the issuance of the 2026 Notes Conversion Option at fair value as of December 7, 2021 and the subsequent remeasurement to fair value at each reporting date.' The 2024 10-K also disclosed that the Company had identified a material weakness in its internal control over financial reporting. On this news, the price of stock declined roughly 9%, from a closing price of $3.51 per share on March 25, 2025, to $3.19 per share on March 26, 2025. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding BigBear's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. To view the source version of this press release, please visit
Yahoo
a day ago
- Entertainment
- Yahoo
Big Bear eaglet Sunny flies the nest. See the bittersweet moment
First she hovered, and now she's flown! Eaglet Sunny stretched her wings on Monday and flew out of the family nest for the first time, thrilling fans of the live webcam that monitors the Big Bear family of eagles that includes mom Jackie, dad Shadow and sibling Gizmo. Video showed that, as the eaglet took off at 10:46 a.m., Gizmo's head swiveled, monitoring as Sunny fledged, or made an inaugural flight from the nest. "It's exciting to have this beautiful, successful moment — and, at the same time, sad that we won't be seeing her as much anymore," said Sandy Steers, executive director of Friends of Big Bear Valley, the nonprofit that operates the 24-hour nest cam. "Its great that she's successfully flown the nest." Sometimes when eaglets fly the nest, they don't return, Steers told The Times in an earlier interview. But Sunny didn't go far. Later Monday morning, one of the camera operators found the eaglet perching at the top of a tree nearby the 145-foot-tall Jeffrey pine that holds the family's huge nest. What happens next for newly independent Sunny? Parents Jackie and Shadow, will be following the eaglet around, protecting her and helping her find food for anywhere between a few weeks and a few months, Steers said. Eagles don't reach sexual maturity until they're around 4 or 5 years old. The first year of life can be perilous for an eagle. Thanks to its inexperience, a juvenile bald eagle has less than a 50% chance of surviving, according to the American Eagle Foundation. If they survive, they can live 15 to 30 years in the wild. Meanwhile, Gizmo will be turning 13 weeks old on Saturday and hasn't taken off yet. Eaglets usually fledge at 10 to 14 weeks of age. Up until Monday, both eaglets had been practicing venturing out onto tree limbs, where they would flap their wings and bounce. They'd also tried hovering — which happens when an eaglet catches the wind at just the right moment and it takes their body off the ground, but they don't fully leave the nest. Sunny is the fourth eaglet from Jackie and Shadow that has fledged. Three have fledged since the camera was installed, according to Steers, which she said is par for the course. The webcam was installed in 2015 and recorded its first nesting season in 2017. Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week. This story originally appeared in Los Angeles Times.
Los Angeles Times
a day ago
- General
- Los Angeles Times
Big Bear eaglet Sunny flies the nest. See the bittersweet moment
First she hovered, and now she's flown! Eaglet Sunny stretched her wings on Monday and flew out of the family nest for the first time, thrilling fans of the live webcam that monitors the Big Bear family of eagles that includes mom Jackie, dad Shadow and sibling Gizmo. Video showed that, as the eaglet took off at 10:46 a.m., Gizmo's head swiveled, monitoring as Sunny fledged, or made an inaugural flight from the nest. 'It's exciting to have this beautiful, successful moment — and, at the same time, sad that we won't be seeing her as much anymore,' said Sandy Steers, executive director of Friends of Big Bear Valley, the nonprofit that operates the 24-hour nest cam. 'Its great that she's successfully flown the nest.' Sometimes when eaglets fly the nest, they don't return, Steers told The Times in an earlier interview. But Sunny didn't go far. Later Monday morning, one of the camera operators found the eaglet perching at the top of a tree nearby the 145-foot-tall Jeffrey pine that holds the family's huge nest. What happens next for newly independent Sunny? Parents Jackie and Shadow, will be following the eaglet around, protecting her and helping her find food for anywhere between a few weeks and a few months, Steers said. Eagles don't reach sexual maturity until they're around 4 or 5 years old. The first year of life can be perilous for an eagle. Thanks to its inexperience, a juvenile bald eagle has less than a 50% chance of surviving, according to the American Eagle Foundation. If they survive, they can live 15 to 30 years in the wild. Meanwhile, Gizmo will be turning 13 weeks old on Saturday and hasn't taken off yet. Eaglets usually fledge at 10 to 14 weeks of age. Up until Monday, both eaglets had been practicing venturing out onto tree limbs, where they would flap their wings and bounce. They'd also tried hovering — which happens when an eaglet catches the wind at just the right moment and it takes their body off the ground, but they don't fully leave the nest. Sunny is the fourth eaglet from Jackie and Shadow that has fledged. Three have fledged since the camera was installed, according to Steers, which she said is par for the course. The webcam was installed in 2015 and recorded its first nesting season in 2017.
CBS News
a day ago
- General
- CBS News
Big Bear eaglet takes flight from nest in California
Big Bear's famed bald eagle parents, Jackie and Shadow, are getting closer to being empty-nesters as one of their two eaglets took flight from the comforts of the nest on Monday. At about 10:46 a.m., one of the eaglets was perched on a branch when she appeared to jump off, flap her wings and fly away. Friends of Big Bear Valley Executive Director Sandy Steers told KCAL News on Monday that it was Sunny who left the nest, while Gizmo stayed behind. "I feel elated that Sunny made it and is flying and is successful," Steers said. It's not yet clear where Sunny flew off too, but young eagles oftentimes return to the nest relatively quickly after their first flight, Steers said. The eaglets were born in March and are around 12 weeks old, making it prime-fledging time. Viewers of the Big Bear Eagle Nest Cam have been anticipating the moment when eaglets Sunny and Gizmo would brave flight. "Fledge watch" began around May 13, as bald eagles are between 10 to 12 weeks old when they leave their nest. One of the Big Bear eaglets appeared to take flight around 10:46 a.m. on Monday. Friends of Big Bear Valley Sunny's flight on Monday was the result of days of practice. Friends of Big Bear Valley noted on Facebook posts that the pair had been flapping and jumping, preparing for their flight as they stood on the outer rails of their nest. "The birds show signs of flight as they start flapping their wings hard and fast enough to feel their feet lift slightly off the nest. They will then likely start venturing out onto the outer branches of the nest tree and also practice there," FOBBV wrote on Facebook. Once confident, they will take off, likely near a perch tree where Jackie and Shadow have been hanging out. As of Monday, Gizmo was yet to leave the nest with her sister. Steers said Gizmo was slower developing than Sunny, so it's not yet clear if she'll be ready in the next few days. What's next for the eaglets? Gizmo and Sunny were both determined to be female, based on quick growth. Both will remain in the habitat for one to three months after fledging, and FOBBV said they will likely be in and out of the nest during this time. "By fall, they will take off on their own. Since they aren't banded, we will have no way to know if they stay together, or for how long," FOBBV wrote on Facebook. It is also not known if they will recognize each other. The organization noted that there is some evidence that bald eagles can memorize, but there have not been any specific studies to verify that information. Most eagles reach maturity around 5 years old, with a white head and tail and bright yellow beaks and eyes.
CBS News
a day ago
- General
- CBS News
Big Bear eaglet takes flight from nest
Big Bear's famed bald eagle parents, Jackie and Shadow, are getting closer to being empty-nesters as one of their two eaglets took flight from the comforts of the nest on Monday. At about 10:46 a.m., one of the eaglet was perched on a branch when she appeared to jump off, flap her wings and fly away. The eaglets were born in March and are around 12 weeks old, making it prime-fledging time. Viewers of the Big Bear Eagle Nest Cam have been anticipating the moment when eaglets Sunny and Gizmo would brave flight. "Fledge watch" began around May 13, as bald eagles are between 10 to 12 weeks old when they leave their nest. One of the Big Bear eaglets appeared to take flight around 10:46 a.m. on Monday. Friends of Big Bear Valley Friends of Big Bear Valley noted on Facebook posts that the pair had been flapping and jumping, practicing for their flight as they stood on the outer rails of their nest. "The birds show signs of flight as they start flapping their wings hard and fast enough to feel their feet lift slightly off the nest. They will then likely start venturing out onto the outer branches of the nest tree and also practice there," FOBBV wrote on Facebook. Once confident, they will take off, likely near a perch tree where Jackie and Shadow have been hanging out. What's next for the eaglets? Gizmo and Sunny were both determined to be female, based on quick growth, and Sunny's sex is still unknown. Both will remain in the habitat for one to three months after fledging, and FOBBV said they will likely be in and out of the nest during this time. "By fall, they will take off on their own. Since they aren't banded, we will have no way to know if they stay together, or for how long," FOBBV wrote on Facebook. It is also not known if they will recognize each other. The organization noted that there is some evidence that bald eagles can memorize, but there have not been any specific studies to verify that information. Most eagles reach maturity around 5 years old, with a white head and tail and bright yellow beaks and eyes.
