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KD Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Kyndryl Holdings, Inc. (KD) - Contact Kessler Topaz Meltzer & Check, LLP
Prnewswire· 2026-02-13 19:42
Core Viewpoint - A securities fraud class action lawsuit has been filed against Kyndryl Holdings, Inc. for alleged material misstatements and omissions regarding the company's cash management practices and internal controls over financial reporting [1]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed on behalf of investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026 [1]. - The case is registered in the United States District Court for the Eastern District of New York, under the title Brander v. Kyndryl Holdings, Inc., Case No. 1:26-cv-00782 (E.D.N.Y.) [1]. - Investors have until April 13, 2026, to file for lead plaintiff status [1]. Allegations - The complaint alleges that Kyndryl's financial statements during the class period were materially misstated [1]. - It is claimed that Kyndryl lacked adequate internal controls and materially understated issues related to these controls [1]. - The lawsuit states that Kyndryl would be unable to timely file its quarterly report on Form 10-Q with the SEC for the quarter ended December 31, 2025 [1]. - Defendants' statements regarding Kyndryl's business, operations, and prospects were allegedly materially false and misleading [1]. Investor Actions - Investors can retain counsel of their choice or take no action [1]. - They are encouraged to contact Kessler Topaz Meltzer & Check, LLP for a free case evaluation [1]. - The deadline to file for lead plaintiff status is April 13, 2026 [1].
Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm Encourages Kyndryl Holdings, Inc. (KD) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-13 17:14
Core Viewpoint - A securities fraud class action lawsuit has been filed against Kyndryl Holdings, Inc. on behalf of investors who acquired its securities during the specified class period from August 7, 2024, to February 9, 2026 [1] Group 1 - The lawsuit is initiated by Glancy Prongay Wolke & Rotter LLP, a prominent national shareholder rights law firm [1] - Investors in Kyndryl have until April 13, 2026, to file a lead plaintiff motion [1]
Law Offices of Frank R. Cruz Encourages Kyndryl Holdings, Inc. (KD) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-13 17:07
Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. for securities fraud, following significant management departures and issues with financial reporting, leading to a substantial drop in stock price [1]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of shareholders who acquired Kyndryl securities between August 7, 2024, and February 9, 2026, with a deadline for filing a lead plaintiff motion set for April 13, 2026 [1]. - The lawsuit alleges that Kyndryl made materially false and misleading statements regarding its business operations and financial health during the class period [1]. - Specific allegations include 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 [1]. Group 2: Company Developments - On February 9, 2026, Kyndryl announced the immediate departure of its CFO and General Counsel, which raised concerns about its internal controls and financial reporting practices [1]. - The company indicated it anticipates reporting material weaknesses in its internal control over financial reporting, particularly regarding communication and management practices [1]. - Following these announcements, Kyndryl's stock price fell by $12.90, or 54.9%, closing at $10.59 per share on the same day [1].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Kyndryl Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - KD
TMX Newsfile· 2026-02-13 16:27
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Kyndryl Holdings, Inc. securities, alleging that the company made false and misleading statements regarding its financial condition during the Class Period from August 7, 2024, to February 9, 2026 [1][5]. Summary by Sections Lawsuit Announcement - A class action lawsuit has been filed for Kyndryl Holdings, Inc. securities purchased between August 7, 2024, and February 9, 2026 [1]. - Investors wishing to serve as lead plaintiff must file a motion by April 13, 2026 [1][3]. Compensation 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]. Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly [3][6]. Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [4]. Details of the Case - 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]. - The misleading statements about Kyndryl's business and operations led to investor damages when the true details were revealed [5].
KD INVESTOR ALERT: Kyndryl Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the Class Action Lawsuit
Prnewswire· 2026-02-13 14:10
KD INVESTOR ALERT: Kyndryl Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the Class Action Lawsuit [Accessibility Statement] Skip NavigationSAN DIEGO, Feb. 13, 2026 /PRNewswire/ -- The law firm of [Robbins Geller Rudman & Dowd LLP] announces that purchasers or acquirers of Kyndryl Holdings, Inc. (NYSE: KD) publicly traded securities between August 7, 2024 and February 9, 2026, inclusive (the "Class Period"), have until April 13, 2026 to seek appointment as lead plaintiff of the Ky ...
Kyndryl Holdings (KD) Faces Securities Class Action Amid 55% Stock Drop After Four Bombshell Disclosures – Hagens Berman
Globenewswire· 2026-02-13 14:00
Core Viewpoint - A securities class action lawsuit has been filed against Kyndryl Holdings, Inc. for allegedly misleading investors regarding its financial statements and internal controls during the specified class period [1][5]. Group 1: Lawsuit Details - The lawsuit seeks to represent investors who acquired Kyndryl securities between August 7, 2024, and February 9, 2026 [1]. - The lawsuit follows a significant drop in Kyndryl shares, which fell by $12.90, or 55%, on February 9, 2026, after the company announced it would not timely file its quarterly report [2]. - The law firm Hagens Berman is investigating whether Kyndryl violated federal securities laws and is urging affected investors to come forward [3][8]. Group 2: Company Disclosures - Kyndryl disclosed that it would not file its quarterly report on time due to an ongoing review of its cash management practices and internal controls [6]. - The company anticipated reporting material weaknesses in its internal controls over financial reporting for the fiscal year ended March 31, 2025, and the first two quarters of fiscal year 2026 [6]. - Kyndryl announced the departure of key executives, including Wyshner and Sebold, and the comptroller, Vineet Khurana, who stepped down from his position [6][7]. Group 3: Market Reaction - The market reacted severely to Kyndryl's disclosures, resulting in a loss of over $3 billion in market capitalization in a single day [7]. - The company's assurances regarding the effectiveness of its internal controls and free cash flow growth are now under scrutiny, raising questions about potential misrepresentation to investors [8].
Kyndryl Holdings, Inc. (NYSE: KD) Investigated for Misleading Investors by BFA Law – Contact the Firm if You Suffered Losses to Protect Your Rights
Globenewswire· 2026-02-13 12:07
Core Viewpoint - Kyndryl Holdings, Inc. is under investigation for potential violations of federal securities laws, particularly concerning its cash management practices and financial reporting controls [1][3]. Company Overview - Kyndryl is a leading provider of enterprise technology services, offering advisory, implementation, and managed services in over 60 countries, making it the largest IT infrastructure services provider globally [2]. Investigation Details - The investigation by Bleichmar Fonti & Auld LLP focuses on whether Kyndryl misrepresented its cash management practices and the drivers of its adjusted free cash flow metric, as well as the effectiveness of its internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [3]. Stock Performance - Kyndryl's stock experienced a significant decline of over 52% on February 9, 2026, following the announcement of a delay in the release of its fiscal Q3 2026 financial statement due to an accounting review related to its cash management practices and SEC document requests [4][5].
Kyndryl Holdings, Inc. Investigated on Behalf of Investors - Contact the DJS Law Group to Discuss Your Rights - KD
Prnewswire· 2026-02-13 06:06
Core Viewpoint - Kyndryl Holdings, Inc. is under investigation for potential violations of securities laws, particularly concerning misleading statements and undisclosed information that may have affected investors [1] Investigation Details - The investigation is prompted by a report from Barron's indicating that Kyndryl's shares dropped significantly after the announcement of the departure of its chief financial officer amid an accounting review and weaker-than-expected earnings [1] - On February 9, 2026, Kyndryl's shares fell by more than 55% during morning trading following these revelations [1] Legal Representation - The DJS Law Group is leading the investigation and aims to enhance investor returns through legal advocacy, focusing on securities class actions and corporate governance litigation [1] - The firm represents large hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [1]
KD Investors Have Opportunity to Lead Kyndryl Holdings, Inc. Securities Fraud Lawsuit Filed by The Rosen Law Firm
Prnewswire· 2026-02-13 03:01
Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. for securities fraud, alleging that the company made false statements and failed to disclose material issues regarding its financial statements and internal controls during the class period from August 7, 2024, to February 9, 2026 [1][1][1] Summary by Relevant Sections Lawsuit Details - The lawsuit claims 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 on Form 10-Q for the quarter ended December 31, 2025 [1][1][1] - It is alleged that the misleading statements about Kyndryl's business operations and prospects caused investors to suffer damages when the true details became public [1][1][1] Class Action Participation - 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 [1][1][1] - To join the class action, investors can visit the provided link or contact the law firm directly for more information [1][1][1] Law Firm Background - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 alone [1][1][1] - The firm has been recognized for its success in securities class action settlements and has a history of representing investors globally [1][1][1]
Kyndryl to Modernize Yamaguchi Financial Group's Core Banking System into a Multi‑Bank Platform
Prnewswire· 2026-02-13 01:00
Kyndryl to Modernize Yamaguchi Financial Group's Core Banking System into a MultiBank Platform [Accessibility Statement] Skip NavigationTOKYO, Feb. 12, 2026 /PRNewswire/ -- [Kyndryl](NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced that it will support Yamaguchi Financial Group (Yamaguchi FG) in building an integrated platform for its core banking system. This will enable Yamaguchi FG's three banks—Yamaguchi Bank, Momiji Bank and Kitakyushu Bank—to operate on ...