Kyndryl (US:KD) TMX Newsfile·2026-02-21 12:45Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Kyndryl Holdings, Inc. due to significant issues related to its financial reporting and internal controls, which have led to a substantial decline in stock price and legal actions by investors [2][4][7]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi is encouraging investors who suffered losses in Kyndryl between August 7, 2024, and February 9, 2026, to discuss their legal options [1]. - The firm is reminding investors of the April 13, 2026, deadline to seek the role of lead plaintiff in a federal securities class action against Kyndryl [2]. - The investigation is focused on claims that Kyndryl made false or misleading statements regarding its financial health and internal controls [4]. Group 2: Financial Reporting Issues - Kyndryl disclosed that its financial statements during the Class Period were materially misstated and that it lacked adequate internal controls [4]. - The company announced that it expects to report material weaknesses in internal control over financial reporting for multiple reporting periods [6]. - Following disclosures regarding its cash management practices and internal controls, Kyndryl's stock price fell approximately 50% on February 9, 2026 [5][7]. Group 3: Management Changes - Kyndryl announced the immediate departures of its Chief Financial Officer and General Counsel amid the ongoing investigation and financial reporting issues [7].