Kyndryl (US:KD) TMX Newsfile·2026-02-18 00:37Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Kyndryl Holdings, Inc. due to alleged misleading financial statements and internal control weaknesses, with a deadline for investors to seek lead plaintiff status in a federal securities class action by April 13, 2026 [2][4]. Group 1: Allegations Against Kyndryl - The complaint alleges that Kyndryl's financial statements during the Class Period were materially misstated and that the company lacked adequate internal controls [4]. - Kyndryl is expected to report material weaknesses in its internal control over financial reporting for multiple reporting periods, and its previous assessments should no longer be relied upon [6]. - Following disclosures regarding internal control issues, Kyndryl's stock price declined approximately 50% on February 9, 2026 [7]. Group 2: Company Disclosures and Actions - On February 9, 2026, Kyndryl disclosed that its Audit Committee is reviewing cash management practices and internal controls after receiving voluntary document requests from the SEC [5]. - The company announced the immediate departures of its Chief Financial Officer and General Counsel, indicating significant management changes in response to the ongoing issues [7]. Group 3: Legal Proceedings and Investor Actions - Investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, are encouraged to contact Faruqi & Faruqi to discuss their legal rights [1]. - Any member of the putative class may move the Court to serve as lead plaintiff or choose to remain an absent class member, with their ability to share in any recovery unaffected by this decision [8].