Core Viewpoint - A securities fraud class action lawsuit has been filed against Kyndryl Holdings, Inc. for alleged material misstatements and omissions regarding its financial reporting and internal controls during the specified class period from August 7, 2024, to February 9, 2026 [2][4][6]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Eastern District of New York, under the case caption Brander v. Kyndryl Holdings, Inc., et al, Case No. 1:26-cv-00782 (E.D.N.Y.) [2][4]. - Investors have until April 13, 2026, to file for lead plaintiff status [2][6]. Allegations - The complaint alleges that Kyndryl's financial statements during the class period were materially misstated [4]. - It is claimed that Kyndryl lacked adequate internal controls and materially understated issues related to these controls [4]. - The company is accused of being unable to timely file its quarterly report on Form 10-Q for the quarter ended December 31, 2025, due to these issues [4]. Investor Actions - Kyndryl investors can seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel by the April 13, 2026 deadline [5][6]. - Investors are encouraged to contact Kessler Topaz Meltzer & Check, LLP for a free case evaluation regarding their legal rights and recovery options [3][6].
Kyndryl Holdings, Inc. (KD) Investors Have Opportunity to Lead Securities Fraud Class Action Lawsuit