Kyndryl (KD)
Search documents
KD INVESTOR DEADLINE: Kyndryl Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the Class Action Lawsuit
Prnewswire· 2026-02-19 14:20
Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading financial statements and inadequate internal controls during the specified class period from August 7, 2024, to February 9, 2026 [1][3]. Company Overview - Kyndryl operates as a technology services company and IT infrastructure services provider [2]. Allegations of the Lawsuit - The lawsuit alleges that Kyndryl's financial statements during the class period were materially misstated [3]. - It is claimed that Kyndryl lacked adequate internal controls and failed to disclose issues related to these controls [3]. - Kyndryl is accused of being unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3]. Recent Developments - On February 9, 2026, Kyndryl filed a Notification of Late Filing, indicating it could not file its Quarterly Report on time [4]. - The company disclosed that it is reviewing its cash management practices and internal controls following requests from the SEC [4]. - Kyndryl anticipates reporting material weaknesses in its internal control over financial reporting for the relevant periods [4]. - Key executives, including the Chief Financial Officer and General Counsel, have departed from the company [4]. - Following these announcements, Kyndryl's stock price fell by 55% [4]. Legal Process - Investors who purchased Kyndryl securities during the class period can seek appointment as lead plaintiff in the class action lawsuit [5]. - The lead plaintiff will represent the interests of all class members and can select a law firm for litigation [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [6].
KYNDRYL HOLDINGS, INC. (KD) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds Kyndryl Holdings, Inc. Investors of Upcoming Deadline
Globenewswire· 2026-02-19 13:19
Core Viewpoint - Kyndryl Holdings, Inc. is facing a securities fraud class action lawsuit due to alleged misrepresentations regarding its internal controls, affecting investors who purchased securities between August 7, 2024, and February 9, 2025 [5]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of New York on behalf of investors who acquired Kyndryl securities during the specified period [5]. - The allegations include violations of the Securities Exchange Act of 1934 against Kyndryl and certain senior officers [5]. Group 2: Legal Actions and Deadlines - Investors wishing to serve as lead plaintiffs must file necessary documents by April 13, 2026 [4]. - Participation as a lead plaintiff is not required to share in any potential recovery from the lawsuit [4]. Group 3: Investor Information - Investors who purchased Kyndryl securities and wish to discuss their legal rights can contact the Investor Relations Manager, Peter Allocco [3][8]. - The law firm representing the investors, Bernstein Liebhard LLP, operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless there is a recovery [4][6].
$KD Securities Fraud: Kyndryl Holdings, Inc. has been Sued after Accounting Issues Lead to 55% Stock Drop – Investors Notified to Contact BFA Law by April 13
Globenewswire· 2026-02-19 11:38
NEW YORK, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Kyndryl Holdings, Inc. (NYSE:KD) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Kyndryl, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/kyndryl-holdings-class-acti ...
Kyndryl launches Cyber Defense Operations Center to unify enterprise IT operations
Prnewswire· 2026-02-19 05:01
Core Insights - Kyndryl has launched its first Cyber Defense Operations Center in Bengaluru, India, aimed at unifying network and security operations to enhance resilience and incident response [1] - The new center addresses the increasing complexity of IT environments, driven by AI-related cyber risks and the demand for continuous service delivery [1] - Only 31% of organizations are prepared for external business risks, with technology complexity being a significant barrier to scaling AI [1] Group 1: Cyber Defense Operations Center - The Cyber Defense Operations Center integrates network and security operations into a single operating model, providing global customers with expertise in cybersecurity and network operations [1] - The center offers end-to-end services, including advisory, design, implementation, and managed operations, to help enterprises modernize their IT environments [1] - Kyndryl's approach includes automated operations, role-based dashboards, and AI-enabled assessment services to enhance visibility and collaboration [1] Group 2: Market Context and Demand - Enterprises are facing faster and more intelligent cyber risks due to the rise of agentic AI and a shortage of skilled talent to manage these risks [1] - Kyndryl plans to expand the Cyber Defense Operations Center beyond India to meet growing global demand for integrated operating models [1] - The center is part of Kyndryl's broader portfolio of network and security services designed for the AI era, including advanced data center networking and secure access service edge (SASE) [1]
Kyndryl Shareholder Alert: ClaimsFiler Reminds Investors With Losses In Excess Of $100,000 Of Lead Plaintiff Deadline In Class Action Lawsuit Against Kyndryl Holdings, Inc. - KD
Globenewswire· 2026-02-19 03:19
Core Viewpoint - Kyndryl Holdings, Inc. is facing a securities class action lawsuit due to alleged failures in disclosing material information, which has led to a significant drop in its stock price [3][4]. Group 1: Lawsuit Details - Investors have until April 13, 2026, to file lead plaintiff applications in the class action lawsuit against Kyndryl, covering shares purchased between August 7, 2024, and February 9, 2026 [1]. - The lawsuit is filed in the United States District Court for the Eastern District of New York, under the case name Brander v. Kyndryl Holdings, Inc., et al., No. 26-cv-00782 [5]. - The lawsuit alleges that Kyndryl and certain executives failed to disclose material information during the class period, violating federal securities laws [3]. Group 2: Company Financial Reporting Issues - On February 9, 2026, Kyndryl announced it would not be able to timely file its Form 10-Q Report for the quarter ended December 31, 2025, citing anticipated material weaknesses in internal controls over financial reporting [4]. - The company indicated that these weaknesses would affect the effectiveness of certain functions, including controls related to information and communication [4]. - Following this announcement, Kyndryl's stock price fell by $12.90, or 55%, closing at $10.59 on February 9, 2026 [4]. Group 3: Investor Support - ClaimsFiler provides a free service for shareholders to recover funds from securities class action settlements, offering resources for investors to register and submit claims [6]. - Investors can access information about various securities class action cases and receive notifications regarding relevant cases in which they may have a financial interest [6].
ROSEN, A LEADING NATIONAL FIRM, Encourages Kyndryl Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KD
TMX Newsfile· 2026-02-18 22:47
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Kyndryl Holdings, Inc. securities between August 7, 2024, and February 9, 2026, about the upcoming lead plaintiff deadline for 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 file with the Court by April 13, 2026 [3]. - The lawsuit alleges that Kyndryl made false and misleading statements regarding its financial statements, internal controls, and the timely filing of its Quarterly Report for the quarter ended December 31, 2025 [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4].
Kyndryl Holdings, Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before April 13, 2026 to Discuss Your Rights – KD
Globenewswire· 2026-02-18 21:56
Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit due to allegations of materially false and misleading statements regarding its financial statements and internal controls during the class period from August 7, 2024, to February 9, 2026 [3]. Group 1 - The complaint alleges that Kyndryl's financial statements were materially misstated during the class period [3]. - It is claimed that Kyndryl lacked adequate internal controls and at times materially understated issues with its internal controls [3]. - As a result of these issues, Kyndryl was unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3]. Group 2 - Defendants' statements about Kyndryl's business, operations, and prospects were materially false and misleading and lacked a reasonable basis at all times [3]. - Shareholders who purchased shares of Kyndryl during the specified class period are encouraged to register for the class action, with a deadline of April 13, 2026, to seek lead plaintiff status [4]. - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceit and fraud, emphasizing the importance of responsible business practices [5].
$KD Fraud Allegations: Kyndryl Holdings, Inc. 55% Stock Drop Triggers Securities Fraud Class Action, Investors Notified to Contact BFA Law by April 13 to Protect Your Rights
TMX Newsfile· 2026-02-18 11:46
New York, New York--(Newsfile Corp. - February 18, 2026) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Kyndryl Holdings, Inc. (NYSE: KD) and certain of the Company's senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Kyndryl, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/kyndryl-ho ...
Kyndryl (KD) Soars 11% on Financial Statement Compliance
Yahoo Finance· 2026-02-18 06:35
We recently published 10 Stocks Outperforming With Monstrous Gains. Kyndryl Holdings Inc. (NYSE:KD) was one of the best performers on Tuesday. Kyndryl Holdings rallied for a second day on Tuesday, jumping 11.03 percent to finish at $13.59 apiece as investors resumed buying positions following the successful submission of its delayed quarterly and annual filings. In a statement, Kyndryl Holdings Inc. (NYSE:KD) disclosed material weakness in its internal control over financial reporting related to its dis ...
KD UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds Kyndryl (KD) Investors of Securities Class Action Deadline on April 13, 2026
TMX Newsfile· 2026-02-18 00:37
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Kyndryl Holdings, Inc. due to alleged misleading financial statements and internal control weaknesses, with a deadline for investors to seek lead plaintiff status in a federal securities class action by April 13, 2026 [2][4]. Group 1: Allegations Against Kyndryl - The complaint alleges that Kyndryl's financial statements during the Class Period were materially misstated and that the company lacked adequate internal controls [4]. - Kyndryl is expected to report material weaknesses in its internal control over financial reporting for multiple reporting periods, and its previous assessments should no longer be relied upon [6]. - Following disclosures regarding internal control issues, Kyndryl's stock price declined approximately 50% on February 9, 2026 [7]. Group 2: Company Disclosures and Actions - On February 9, 2026, Kyndryl disclosed that its Audit Committee is reviewing cash management practices and internal controls after receiving voluntary document requests from the SEC [5]. - The company announced the immediate departures of its Chief Financial Officer and General Counsel, indicating significant management changes in response to the ongoing issues [7]. Group 3: Legal Proceedings and Investor Actions - Investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1]. - Any member of the putative class may move the Court to serve as lead plaintiff or choose to remain an absent class member, with their ability to share in any recovery unaffected by this decision [8].