Kyndryl (US:KD) Prnewswire·2026-02-11 14:37Core 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].