Kyndryl (US:KD) Globenewswire·2026-02-18 21:56Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit due to allegations of materially false and misleading statements regarding its financial statements and internal controls during the class period from August 7, 2024, to February 9, 2026 [3]. Group 1 - The complaint alleges that Kyndryl's financial statements were materially misstated during the class period [3]. - It is claimed that Kyndryl lacked adequate internal controls and at times materially understated issues with its internal controls [3]. - As a result of these issues, Kyndryl was unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3]. Group 2 - Defendants' statements about Kyndryl's business, operations, and prospects were materially false and misleading and lacked a reasonable basis at all times [3]. - Shareholders who purchased shares of Kyndryl during the specified class period are encouraged to register for the class action, with a deadline of April 13, 2026, to seek lead plaintiff status [4]. - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceit and fraud, emphasizing the importance of responsible business practices [5].