Kyndryl Holdings, Inc. (KD) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law

Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of materially misstated financial statements and inadequate internal controls during the class period from August 7, 2024, to February 9, 2026 [1][3]. Group 1: Class Action Details - The class action lawsuit is titled Brander v. Kyndryl Holdings, Inc., and it allows purchasers of Kyndryl's publicly traded securities during the specified class period to seek appointment as lead plaintiff by April 13, 2026 [1][5]. - Allegations include that Kyndryl's financial statements were materially misstated and that the company lacked adequate internal controls, which led to an inability to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3][4]. Group 2: Financial Impact and Company Response - On February 9, 2026, Kyndryl announced it would be unable to file its Quarterly Report on Form 10-Q on time, citing a review of its cash management practices and anticipated reporting of material weaknesses in internal controls [4]. - Following this announcement, Kyndryl's stock price fell by 55%, indicating a significant market reaction to the news [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit, highlighting its track record of recovering substantial amounts for investors in securities fraud cases [6].