Press ReleaseFebruary 5, 2026BBAI

Johnson Fistel, PLLP Investigates Claims on Behalf of Long‑Term Shareholders of Quantum Computing Inc. (QUBT), Quanex Building Products Corporation (NX), Treace Medical Concepts, Inc. (TMCI), and BigBear.ai Holdings, Inc. (BBAI)

Issued by BBAI

📣 Major Legal Investigations Launched

Johnson Fistel, PLLP, a shareholder rights law firm, has announced they are investigating potential securities class action claims on behalf of long-term investors. 💼

This isn't news about the companies' products or earnings; it's news about the companies' behavior and how they communicated with their investors. 👉 The firm alleges that several company officers and directors breached their "fiduciary duties"—meaning they failed to act in the best interest of the shareholders.

The investigation currently covers four specific companies:

Quantum Computing Inc. (NASDAQ: QUBT)
Quanex Building Products Corporation (NYSE: NX)
Treace Medical Concepts, Inc. (NASDAQ: TMCI)
BigBear.ai Holdings, Inc. (NYSE: BBAI)

📚 What is a Class Action?

In simple terms, a class action lawsuit is a legal mechanism where a group of people (the "class"—in this case, long-term shareholders) who have suffered similar losses can band together to sue a company. 🧑‍⚖️ It is much more efficient and powerful than if every single shareholder had to sue individually.

The firm is investigating claims that the companies made "materially false and/or misleading statements"—meaning they allegedly told investors things that weren't true, or failed to tell them critical information that would have changed the investment decision.

🕵️ Deep Dive: Allegations by Company

The core of the complaint is that the companies allegedly misrepresented their business, finances, and operations. Here is what the firm alleges for each company:

⚛️ Quantum Computing Inc. (QUBT) The complaint alleges QUBT overstated its capabilities in several ways. Specifically, they allegedly misrepresented:

The technology and services it was developing.
The scope and success of its relationships and contracts with NASA.
The progress and scale of its "TFLN" foundry.
That some of the company’s revenue was based on undisclosed "related party transactions."

🏗️ Quanex Building Products Corporation (NX) Allegations here center on poor operational care. The firm claims Qanex failed to disclose that its equipment and tooling at its Tyman, Mexico facility were significantly "underinvested" and had degraded to near "catastrophic" levels, which could incur large, unforeseen costs.

🩹 Treace Medical Concepts, Inc. (TMCI) The complaint suggests the company misled investors about market dynamics. Allegedly, they failed to disclose that the demand for their primary product, the Lapiplasty® 3D Bunion Correction® System, was being impacted by competition, requiring the company to quickly pivot to alternative products.

🤖 BigBear.ai Holdings, Inc. (BBAI) This is a complex accounting allegation. The complaint states that BigBear.ai had deficient accounting policies and improperly accounted for its "2026 Convertible Notes." The error allegedly caused the company's financial statements to be inaccurate, potentially requiring costly and time-consuming restatements.

💸 Why This Matters to Investors

These investigations carry significant implications for the companies involved. When a lawsuit alleges material misrepresentation, it suggests that the market may have been operating on incomplete or inaccurate information. 📉

If the allegations are proven true, the companies could face massive financial penalties, stricter regulatory oversight, and a loss of investor trust, which can severely depress stock prices. 👉 For current shareholders, this indicates that the company's internal controls and transparency may be questionable.

🚀 Action Items for Shareholders

The firm explicitly tells specific groups of shareholders they may have standing to seek reforms. It is crucial to note that this is a legal notice, not investment advice.

Eligibility: If you held shares of these companies continuously since specific dates (e.g., QUBT since prior to March 30, 2020), you are highlighted as potentially having standing.
Process: The firm provides dedicated links and contact details for each company.
Contacts:
- For QUBT: https://www.johnsonfistel.com/investigations/quantum-computing-inc-2
- For NX: https://www.johnsonfistel.com/investigations/quanex-building-products-corporation
- For TMCI: https://www.johnsonfistel.com/investigations/treace-medical-concepts-inc
- For BBAI: https://www.cognitoforms.com/JohnsonFistel/BigBearaiHoldingsInc3
- General Contact: [email protected] or (619) 814‑4471

🧠 The Analogy

Imagine a company is running a car trip, but instead of giving you a reliable map of the journey (the truth), they keep handing you a highly polished, misleading brochure. 🗺️ The lawsuit is basically the investor group saying, "Wait a minute—the map you gave us was wrong because you didn't mention the sudden bridge collapse or the massive detour, and we wouldn't have invested the money if we knew that."

🧩 Final Takeaway

This notice signals that long-term, institutional investors are scrutinizing the corporate behavior and financial disclosures of these four companies. While this is merely an allegation, it highlights potential governance failures and misrepresentations in the public filings of QUBT, NX, TMCI, and BBAI.

Original release

Accessibility: Skip TopNav

Johnson Fistel, PLLP Investigates Claims on Behalf of Long‑Term Shareholders of Quantum Computing Inc. (QUBT), Quanex Building Products Corporation (NX), Treace Medical Concepts, Inc. (TMCI), and BigBear.ai Holdings, Inc. (BBAI)

February 05, 2026 10:49 ET

| Source:

Johnson Fistel, PLLP

SAN DIEGO, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating whether certain officers and directors of Quantum Computing Inc. (NASDAQ: QUBT), Quanex Building Products Corporation (NYSE: NX), Treace Medical Concepts, Inc. (NASDAQ: TMCI), and BigBear.ai Holdings, Inc. (NYSE: BBAI) breached the fiduciary duties they owed to the company. Quantum Computing Inc. (NASDAQ: QUBT)If you have held Quantum Computing Inc. shares continuously since prior to March 30, 2020, you may have standing to seek corporate governance reforms at Quantum Computing, including improvements to internal controls, transparency, and executive oversight. To learn more, visit: https://www.johnsonfistel.com/investigations/quantum-computing-inc-2 or contact Johnson Fistel, PLLP at [email protected] or (619) 814‑4471. Complaint AllegationsA recently filed securities class action complaint alleges that Quantum Computing made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) QCI overstated the capabilities of the company's quantum computing technologies, products, and/or services; (2) QCI overstated the scope and nature of its relationship with NASA, as well as the scope and nature of QCI's NASA-related contracts and/or subcontracts; (3) QCI overstated the company's progress in developing a thin film lithium niobate ("TFLN") foundry, the scale of the purported TFLN foundry, and orders for the company's TFLN chips; (4) QCI's business dealings with 2 entities both qualified as related party transactions; (5) accordingly, QCI's revenues relied, at least in part, on undisclosed related party transactions; (6) all the foregoing, once revealed, was likely to have a significant negative impact on QCI's business and reputation; and (7) as a result, Defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Quanex Building Products Corporation (NYSE: NX)If you have held Quanex shares continuously since prior to December 12, 2024, you may have standing to seek corporate governance reforms at Quanex, including improvements to internal controls, transparency, and executive oversight. To learn more, visit: https://www.johnsonfistel.com/investigations/quanex-building-products-corporation or contact Johnson Fistel, PLLP at [email protected] or (619) 814‑4471. Complaint AllegationsThe previously filed Complaint alleges that Defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose material adverse information regarding Quanex’s business, operations, and prospects, including allegations that: (1) the Company’s procedures and policies regarding tooling and equipment maintenance in its Tyman, Mexico facility were significantly “underinvested”; (2) as a result, Quanex’s tooling and equipment conditions had significantly degraded to near “catastrophic” levels; (3) as a result of the foregoing, the Company was likely to incur significant costs, “pushing out the timing” of expected benefits from the Tyman integration; and (4) Quanex had previously identified the foregoing issues. Treace Medical Concepts, Inc. (NASDAQ: TMCI)If you have held Treace Medical Concepts, Inc. shares continuously since prior to May 8, 2023, you may have standing to seek corporate governance reforms at Treace Medical, including improvements to internal controls, transparency, and executive oversight. To learn more, visit: https://www.johnsonfistel.com/investigations/treace-medical-concepts-inc or contact Johnson Fistel, PLLP at [email protected] or (619) 814‑4471. Complaint AllegationsA previously filed securities class action complaint alleges Defendants made false or misleading statements concerning the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose that: (1) competition impacted the demand for and utilization of Treace Medical’s primary product, the Lapiplasty® 3D Bunion Correction® System; and (2) as a result, Treace Medical’s revenue declined and the Company needed to accelerate its plans to offer an alternative product to osteotomy (a surgical procedure involving the cutting and realigning of bone to improve its position or function). BigBear.ai Holdings, Inc. (NYSE: BBAI)If you have held BigBear.ai Holdings, Inc. shares continuously since prior to March 31, 2022, you may have standing to seek corporate governance reforms at BigBear, including improvements to internal controls, transparency, and executive oversight. To learn more, visit: https://www.cognitoforms.com/JohnsonFistel/BigBearaiHoldingsInc3 or contact Johnson Fistel, PLLP at [email protected] or (619) 814‑4471. Complaint AllegationsA recently filed securities class action complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed 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 SEC; and (7) as a result, the Company's public statements were materially false and misleading at all relevant times. About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights:Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs’ securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) [email protected] or [email protected]