KD Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Kyndryl Holdings, Inc. (KD) - Contact Kessler Topaz Meltzer & Check, LLP
Kyndryl Kyndryl (US:KD) 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].