Core Viewpoint - A securities fraud lawsuit has been filed against Kyndryl Holdings, Inc. and certain executives following a significant drop in share price due to internal accounting issues and executive departures [1][2]. Group 1: Company Issues - Kyndryl Holdings' shares fell over 50% in intraday trading on February 9, 2026, after the company announced an internal accounting review and a delay in filing its quarterly report [2]. - The internal review focuses on cash management practices, related disclosures, and internal control over financial reporting, prompted by document requests from the SEC [2]. - Kyndryl does not expect a restatement of its financials but anticipates reporting material weaknesses in internal control over financial reporting for FY25 and the first three quarters of FY26 [2]. Group 2: Lawsuit Details - The lawsuit alleges that Kyndryl made false and misleading statements regarding its financial statements, internal controls, and the timely filing of its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3]. - It is claimed that Kyndryl lacked adequate internal controls and materially understated issues related to them, leading to misleading statements about the company's business and prospects [3]. Group 3: Investor Information - Investors who purchased Kyndryl Holdings common stock between August 7, 2024, and February 9, 2026, may be eligible to participate in the lawsuit, regardless of whether they have sold their shares [4]. - The deadline to seek appointment as lead plaintiff is April 13, 2026, and a class has not yet been certified [5]. Group 4: Whistleblower Information - Individuals with non-public information about Kyndryl Holdings are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [6]. Group 5: Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].

Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading financial statements and inadequate internal controls during the specified class period [1][3]. Summary by Sections Class Action Lawsuit Details - The class action lawsuit is titled Brander v. Kyndryl Holdings, Inc., and it allows purchasers of Kyndryl securities from August 7, 2024, to February 9, 2026, to seek lead plaintiff status by April 13, 2026 [1][5]. - The lawsuit alleges that Kyndryl's financial statements were materially misstated and that the company lacked adequate internal controls, which led to an inability to timely file its Quarterly Report for the quarter ended December 31, 2025 [3][4]. Financial and Operational Implications - On February 9, 2026, Kyndryl announced it would be unable to file its Quarterly Report on Form 10-Q on time, citing a review of its cash management practices and internal controls following SEC inquiries [4]. - The company anticipates reporting material weaknesses in its internal control over financial reporting for the fiscal year ended March 31, 2025, and the first two quarters of fiscal year 2026 [4]. - Following the announcement, Kyndryl's stock price fell by 55% [4]. Company Background - Kyndryl operates as a technology services company and IT infrastructure services provider [2]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized as a leading firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [6].

Core Viewpoint - A securities fraud class action lawsuit has been filed against Kyndryl Holdings, Inc. for alleged material misstatements and omissions regarding its financial reporting and internal controls during the specified class period from August 7, 2024, to February 9, 2026 [2][4][6]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Eastern District of New York, under the case caption Brander v. Kyndryl Holdings, Inc., et al, Case No. 1:26-cv-00782 (E.D.N.Y.) [2][4]. - Investors have until April 13, 2026, to file for lead plaintiff status [2][6]. Allegations - The complaint alleges that Kyndryl's financial statements during the class period were materially misstated [4]. - It is claimed that Kyndryl lacked adequate internal controls and materially understated issues related to these controls [4]. - The company is accused of being unable to timely file its quarterly report on Form 10-Q for the quarter ended December 31, 2025, due to these issues [4]. Investor Actions - Kyndryl investors can seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel by the April 13, 2026 deadline [5][6]. - Investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP for a free case evaluation regarding their legal rights and recovery options [3][6].

Core Viewpoint - Kyndryl Holdings, Inc. is facing significant scrutiny due to internal control weaknesses and cash management practices, leading to a substantial decline in stock price and potential legal claims from investors [4][5][6]. Group 1: Company Disclosures - On February 9, 2026, Kyndryl disclosed that its Audit Committee is reviewing cash management practices and related disclosures following voluntary document requests from the SEC's Division of Enforcement [4]. - Kyndryl expects to report material weaknesses in internal control over financial reporting for multiple reporting periods, indicating that previous assessments and auditor opinions should no longer be relied upon [5]. - The company announced the immediate departures of its Chief Financial Officer and General Counsel, and it will delay the filing of its Quarterly Report on Form 10-Q [6]. Group 2: Market Impact - Following the disclosures regarding internal control issues and management changes, Kyndryl's stock price declined approximately 50% on February 9, 2026 [6]. Group 3: Legal Implications - Faruqi & Faruqi, LLP is investigating potential claims against Kyndryl for investors who suffered significant losses, encouraging affected investors to discuss their legal rights [2][3].

Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit due to allegations of financial misstatements and inadequate internal controls, leading to significant investor losses during the specified class period [1] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Brander v. Kyndryl Holdings, Inc., and it charges Kyndryl and certain executives with violations of the Securities Exchange Act of 1934 [1] - Investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, can seek appointment as lead plaintiff until April 13, 2026 [1] - Allegations include that Kyndryl's financial statements were materially misstated and that the company lacked adequate internal controls [1] Group 2: Financial Reporting Issues - Kyndryl announced it would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, due to internal control issues [1] - The company anticipates reporting material weaknesses in its internal control over financial reporting for the fiscal year ended March 31, 2025, and the first two quarters of fiscal year 2026 [1] - Kyndryl's stock price fell by 55% following the announcement of these issues [1] Group 3: Executive Departures - The lawsuit notes the immediate departure of key executives, including the Chief Financial Officer and General Counsel, which may indicate deeper issues within the company's management [1] - Vineet Khurana also stepped down from his position as Senior Vice President and Global Controller, further highlighting instability in Kyndryl's leadership [1]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Kyndryl Holdings, Inc. securities between August 7, 2024, and February 9, 2026, of the April 13, 2026, deadline to become a lead plaintiff in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Kyndryl securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by April 13, 2026 [3]. - The lawsuit alleges that Kyndryl's financial statements were materially misstated, lacked adequate internal controls, and that the company would be unable to timely file its Quarterly Report for the quarter ended December 31, 2025 [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Kyndryl Holdings, Inc. due to significant issues related to its financial reporting and internal controls, which have led to a substantial decline in stock price and legal actions by investors [2][4][7]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi is encouraging investors who suffered losses in Kyndryl between August 7, 2024, and February 9, 2026, to discuss their legal options [1]. - The firm is reminding investors of the April 13, 2026, deadline to seek the role of lead plaintiff in a federal securities class action against Kyndryl [2]. - The investigation is focused on claims that Kyndryl made false or misleading statements regarding its financial health and internal controls [4]. Group 2: Financial Reporting Issues - Kyndryl disclosed that its financial statements during the Class Period were materially misstated and that it lacked adequate internal controls [4]. - The company announced that it expects to report material weaknesses in internal control over financial reporting for multiple reporting periods [6]. - Following disclosures regarding its cash management practices and internal controls, Kyndryl's stock price fell approximately 50% on February 9, 2026 [5][7]. Group 3: Management Changes - Kyndryl announced the immediate departures of its Chief Financial Officer and General Counsel amid the ongoing investigation and financial reporting issues [7].

Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][3]. Group 1: Company Overview - Kyndryl is a provider of enterprise technology services, offering advisory, implementation, and managed service capabilities to customers in over 60 countries, making it the world's largest IT infrastructure services provider [4]. Group 2: Allegations and Stock Impact - Kyndryl is accused of misrepresenting its cash management practices, including the drivers of its adjusted free cash flow metric and the effectiveness of its internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [5]. - On February 9, 2026, Kyndryl announced a delay in releasing its fiscal Q3 2026 financial statement due to an accounting review of its cash management practices, leading to the immediate departures of its CFO and General Counsel [6]. - Following this announcement, Kyndryl's stock price dropped over 52% during trading on February 9, 2026 [7].

NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased Kyndryl Holdings, Inc. (“Kyndryl” or the “Company”) (NYSE:KD) securities to contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost. If you suffered a loss on your Kyndryl investments, you have until April 13, 2026 to request lead plaintiff appointment. Court ...

LOS ANGELES, Feb. 20, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. Kynd ...