Core Viewpoint - Kyndryl Holdings, Inc. is under investigation for its cash management procedures and disclosures following a shift from adjusted to reported free cash flow, raising concerns about the integrity of its financial reporting [1] Group 1: Financial Reporting Changes - Kyndryl's CFO announced a transition to highlighting free cash flow instead of adjusted free cash flow, suggesting improved financial maturity as the gap between GAAP and non-GAAP metrics had narrowed [1] - The February 9, 2026 disclosure indicated that Kyndryl is reviewing its cash management procedures, which may reveal "material weaknesses" in internal controls [1] Group 2: Implications of the Investigation - If the investigation finds that previously reported cash-flow figures were misstated, it could undermine the company's capital-allocation strategy, including a $400 million increase in the share-repurchase program [1] - The company's reported free cash flow of $22 million for Q2 FY2026 and a cash balance of $1.3 billion as of September 30 are now subject to scrutiny under the ongoing investigation [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 - 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 - 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 a closing price of $23.49 on February 8, 2026, to $10.59 on February 9, 2026 [6][7]. Legal Proceedings - Investors have until April 13, 2026, to request to be appointed to lead the case, which is pending in the U.S. District Court for the Eastern District of New York under the caption Brander v. Kyndryl Holdings, Inc., et al., No. 1:26-cv-00782 [3].

NEW YORK, Feb. 11, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Kyndryl Holdings, Inc. (NYSE: KD) between August 7, 2024 and February 9, 2026, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 13, 2026 in the securities class action first filed by the Firm. SO WHA ...

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Kyndryl (KD) To Contact Him Directly To Discuss Their Options If you purchased or acquired Kyndryl securities between August 7, 2024 and February 9, 2026 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Feb. 11, 2026 (GLOBE NEWSWIRE) -- What’s Happening: Brag ...

SAN DIEGO--(BUSINESS WIRE)---- $KD #KD--The case alleges Kyndryl misstated its financial statements and lacked adequate internal controls. ...

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Kyndryl Holdings, Inc. (NYSE: KD) between August 7, 2024 and February 9, 2026, inclusive (the "Class Period†). The lawsuit seeks to recover damages for Kyndryl investors under the federal securities laws. To join the Kyndryl class action, go to https://rosenlegal.com/submit-form/?case_id=38139 or call Phillip Kim, Esq. toll-free at. ...

SAN DIEGO--(BUSINESS WIRE)---- $KD #KD--Robbins Geller is investigating whether Kyndryl and certain of its top executives made materially false and/or misleading statements to investors. ...

Kyndryl Holdings, Inc. (NYSE:KD) is one of the best affordable tech stocks to buy right now. On February 3, Guggenheim analyst Jonathan Lee maintained a Buy rating on Kyndryl Holdings, Inc. (NYSE:KD) and lowered the price target to $28 from $30. Lee made this adjustment in a preview ahead of Kyndryl’s third-quarter earnings report, citing concerns about potential deal slippages that could impact Kyndryl’s revenue growth outlook for FY2026. Kyndryl Holdings (KD) Extends Hertz Partnership While Navigating D ...

Core Viewpoint - Kyndryl Holdings is under investigation for potential claims related to significant losses suffered by investors following the company's disclosure of issues with its cash management practices and internal controls, leading to a substantial decline in stock price [1]. Company Summary - Kyndryl Holdings, Inc. disclosed on February 9, 2026, that its Audit Committee is reviewing cash management practices and related disclosures, particularly concerning the adjusted free cash flow metric [1]. - The company expects to report material weaknesses in internal control over financial reporting for multiple reporting periods [1]. - Kyndryl stated that its previous assessment of internal control and the independent auditor's opinion in its Annual Report for the fiscal year ended March 31, 2025, should no longer be relied upon [1]. - The company announced the immediate departures of its Chief Financial Officer and General Counsel [1]. - Kyndryl filed a Form NT 10-Q indicating a delay in the filing of its Quarterly Report on Form 10-Q [1]. - Following these disclosures, Kyndryl's stock price declined approximately 50% on February 9, 2026 [1].

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