Kyndryl (US:KD) Globenewswire·2026-02-09 21:36Core Viewpoint - Kyndryl Holdings, Inc. is under investigation for potential claims related to its cash management practices and internal controls, following significant disclosures that have led to a drastic decline in its stock price [4][5][6][7]. Group 1: Company Disclosures - On February 9, 2026, Kyndryl disclosed that its Audit Committee is reviewing cash management practices and related disclosures, prompted by voluntary document requests from the SEC's Division of Enforcement [5]. - 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 [6]. - 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 [7]. Group 2: Market Reaction - Following the disclosures regarding internal controls and management changes, Kyndryl's stock price declined approximately 50% on February 9, 2026 [7].