Kyndryl (US:KD) TMX Newsfile·2026-03-05 14:51Core 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 from August 7, 2024, to February 9, 2026 [1] Company Overview - Kyndryl Holdings, Inc. is a global provider of IT infrastructure services, headquartered in New York, New York [2] Lawsuit Details - The lawsuit was prompted by Kyndryl's announcement on February 9, 2026, regarding its inability to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025. The announcement also disclosed an investigation by the Securities and Exchange Commission into the Company's cash management practices and internal controls [3] - The Audit Committee of Kyndryl's Board of Directors is currently reviewing these issues internally, and the Company anticipates reporting material weaknesses in internal controls related to information and communication, as well as tone at the top [3] Market Reaction - Following the revelation of these issues, Kyndryl shares experienced a significant decline, falling by $12.90 per share, or 55%, to a closing price of $10.59 per share on February 9, 2026 [4]