Kyndryl (US:KD) Globenewswire·2026-02-14 12:49Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Kyndryl Holdings, Inc. due to alleged misleading statements and internal control issues that have led to significant financial losses for investors [4][6]. Group 1: Allegations and Financial Impact - Kyndryl's financial statements during the Class Period were materially misstated, and the company lacked adequate internal controls [6]. - Kyndryl disclosed that it would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, due to these issues [6]. - Following the disclosures regarding internal control weaknesses and management changes, Kyndryl's stock price declined approximately 50% on February 9, 2026 [9]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, are encouraged to discuss their legal rights and options [1]. - There is an April 13, 2026, deadline for investors to seek the role of lead plaintiff in a federal securities class action against Kyndryl [4]. - The court-appointed lead plaintiff will represent the interests of the class, and any member may move to serve as lead plaintiff or remain an absent class member [10].