BIGBEAR.AI INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates BigBear.ai Holdings, Inc. - BBAI

Business Wire 11-Jul-2024 3:03 PM

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into BigBear.ai Holdings, Inc. (NYSE:BBAI) ("BigBear"). KSF is investigating whether BigBear's board of directors and its controlling stockholder, AE Industrial Partners, LP ("AEIP"), breached their fiduciary duties to BigBear and its minority stockholders in connection with, among other things, BigBear's acquisition of Pangiam Intermediate Holdings, LLC ("Pangiam") in March 2024 (the "Transaction"). In addition to its controlling stake in BigBear, AEIP also held a majority of Pangiam's stock prior to the Transaction. As a common controller, AEIP had conflicts of interest in the Transaction, and KSF is investigating whether the Transaction price that BigBear paid was fair to BigBear and its minority stockholders.

If you hold BigBear shares (NYSE:BBAI), we urge you to contact KSF to discuss your legal rights, without obligation or cost to you, by calling KSF toll-free at 1-833-938-0905, or by e-mailing KSF Managing Partner, Lewis Kahn, at lewis.kahn@ksfcounsel.com.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, you may visit ksfcounsel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240711325463/en/