Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Kyndryl is a provider of enterprise technology services, offering advisory, implementation, and managed service capabilities to customers in over 60 countries. It is recognized as the world's largest IT infrastructure services provider [4]. Allegations and Financial Mismanagement - The lawsuit alleges that Kyndryl misrepresented 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]. Stock Performance and Market Reaction - 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, which led to the immediate departures of its CFO and General Counsel. This announcement resulted in a stock price drop of $12.90 per share, or 55%, from $23.49 on February 8, 2026, to $10.59 on February 9, 2026 [6][7].

Core Insights - Kyndryl's recent quarterly report revealed disappointing results, leading to a significant drop in stock price by 47.9% over the last week of trading [1][2] Financial Performance - For fiscal Q3 2026, Kyndryl reported non-GAAP earnings per share of $0.52 on sales of $3.86 billion, falling short of analyst expectations of $0.60 per share and $3.91 billion in sales [4] - The Kyndryl Consult business experienced a 24% year-over-year sales growth, but overall revenue still did not meet expectations, and margins were softer than anticipated [5] Guidance and Forecasts - Kyndryl lowered its full-year guidance, now expecting free cash flow between $325 million and $375 million, down from a previous forecast of approximately $550 million [7] - The company projected a decline in constant-currency sales between 2% and 3% for the year, a significant shift from the earlier forecast of 1% growth [7] - Updated forecasts indicate a substantial performance deterioration for the current quarter, causing a loss of investor confidence despite reiterating targets for the 2028 fiscal year [8]

Core Points - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Kyndryl Holdings, Inc. securities between August 7, 2024, and February 9, 2026, alleging misleading statements and financial misstatements [1][5] - Investors who purchased Kyndryl securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - The lawsuit claims 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] Legal Process - To join the Kyndryl class action, interested parties can visit the provided link or contact the law firm directly [3][6] - A lead plaintiff must move the Court by April 13, 2026, to represent other class members in the litigation [1][3] - No class has been certified yet, and investors can choose to remain absent or select their own counsel [7] Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4] - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]

Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain senior executives for securities fraud following a significant drop in stock price due to alleged violations of federal securities laws [1][3]. 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]. Allegations - The lawsuit claims that Kyndryl misrepresented 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]. Stock Price Impact - On February 9, 2026, Kyndryl announced a delay in the release of 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. Following this announcement, Kyndryl's stock price dropped over 52% during trading on the same day [6][7].

Core Viewpoint - A lawsuit has been filed against Kyndryl Holdings, Inc. by investors who purchased shares between August 2025 and February 2026, alleging that the company made false and misleading statements regarding its financial statements and internal controls [1]. Group 1: Lawsuit Details - The lawsuit was initiated by an investor on February 11, 2026, claiming that Kyndryl's financial statements during the specified period were materially misstated [1]. - Allegations include that Kyndryl lacked adequate internal controls and materially understated issues related to these controls [1]. - The lawsuit also states that Kyndryl would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, which contributed to the misleading nature of the company's statements about its business and operations [1]. Group 2: Investor Information - Investors who lost over $100,000 in Kyndryl shares during the specified period are encouraged to contact the Shareholders Foundation for options and deadlines, with a critical deadline set for April 13, 2026 [1]. - The Shareholders Foundation provides services related to shareholder issues, including information on securities class actions and legal news relevant to the financial market [1].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Kyndryl Holdings, Inc. securities for the period between August 7, 2024, and February 9, 2026, due to alleged misleading statements and financial misstatements [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Kyndryl's financial statements during the Class Period were materially misstated and that the company lacked adequate internal controls [5]. - It is alleged that Kyndryl would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, which contributed to the misleading nature of the defendants' statements regarding the company's business and prospects [5]. Group 2: Participation Information - Investors who purchased Kyndryl securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Kyndryl Holdings, Inc. due to alleged misleading statements and internal control issues that have led to significant financial losses for investors [4][6]. Group 1: Allegations and Financial Impact - Kyndryl's financial statements during the Class Period were materially misstated, and the company lacked adequate internal controls [6]. - Kyndryl disclosed that it would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, due to these issues [6]. - Following the disclosures regarding internal control weaknesses and management changes, Kyndryl's stock price declined approximately 50% on February 9, 2026 [9]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, are encouraged to discuss their legal rights and options [1]. - There is an April 13, 2026, deadline for investors to seek the role of lead plaintiff in a federal securities class action against Kyndryl [4]. - The court-appointed lead plaintiff will represent the interests of the class, and any member may move to serve as lead plaintiff or remain an absent class member [10].

Group 1 - Kyndryl Holdings, Inc. is facing a lawsuit for alleged violations of securities laws [1] - The lawsuit has been filed by the DJS Law Group, which is seeking to discuss the rights of affected investors [1] - The legal action indicates potential concerns regarding Kyndryl's compliance with securities regulations [1]

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]. Company Overview - Kyndryl is a provider of enterprise technology services, offering advisory, implementation, and managed service capabilities to customers in over 60 countries. It is recognized as the world's largest IT infrastructure services provider [4]. Allegations and Financial Mismanagement - The lawsuit alleges that Kyndryl misrepresented 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]. Stock Performance and Impact - 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, which led to the immediate departures of its CFO and General Counsel. This announcement resulted in a stock price drop of $12.90 per share, or 55%, from $23.49 on February 8, 2026, to $10.59 on February 9, 2026 [6][7].

Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. for allegedly materially misstating its financial statements and lacking adequate internal controls, leading to a significant drop in stock price [1] Group 1: Allegations - The lawsuit claims that Kyndryl's financial statements during the class period were materially misstated [1] - It is alleged that Kyndryl lacked adequate internal controls and materially understated issues related to these controls [1] - The company failed to file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, in a timely manner [1] Group 2: Impact on Stock Price - Following the announcement of the late filing and the SEC investigation, Kyndryl's stock price fell by $12.90 per share, or 55%, closing at $10.59 on February 9, 2026 [1] Group 3: Legal Proceedings - Shareholders wishing to serve as lead plaintiffs must submit their papers to the court by April 13, 2026 [1] - Participation in the class action is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [1]