Kyndryl (US:KD) Globenewswire·2026-03-01 16:31Core Viewpoint - Rosen Law Firm is reminding investors who purchased Kyndryl Holdings, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][3]. Group 1: Class Action Details - The Class Period for the Kyndryl securities class action is from August 7, 2024, to February 9, 2026 [1]. - Investors who purchased Kyndryl securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must file a motion with the Court by April 13, 2026, to represent other class members in the litigation [3]. Group 2: Case Allegations - The lawsuit alleges that Kyndryl made false and misleading statements and failed to disclose material issues, including that its financial statements were materially misstated [5]. - It is claimed that Kyndryl lacked adequate internal controls and materially understated issues related to these controls [5]. - The lawsuit also states that Kyndryl would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, which contributed to the misleading nature of the defendants' statements regarding the company's business and operations [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4].