Kyndryl (US:KD) TMX Newsfile·2026-02-20 14:36Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. on behalf of investors who acquired Kyndryl securities during the specified class period, highlighting significant concerns regarding the company's financial disclosures and internal controls [1][3]. Group 1: Lawsuit Details - The lawsuit was initiated by Berger Montague PC, representing investors who purchased Kyndryl securities from August 7, 2024, to February 9, 2026 [1][2]. - Investors have until April 13, 2026, to seek appointment as lead plaintiff representatives [2]. - The lawsuit alleges that Kyndryl failed to file its Quarterly Report on Form 10-Q for the quarter ending December 31, 2025, and is under investigation by the SEC regarding its cash management practices [3]. Group 2: Financial Impact - Following the announcement of these issues, Kyndryl's shares dropped by $12.90, or 55%, closing at $10.59 per share on February 9, 2026 [4].