Kyndryl (US:KD) Globenewswire·2026-03-09 20:00Core Viewpoint - A class action securities lawsuit has been filed against Kyndryl Holdings, Inc. for alleged securities fraud affecting investors between August 7, 2024, and February 9, 2026 [1][2] Group 1: Allegations - The lawsuit claims that Kyndryl's financial statements during the class period were materially misstated [2] - It is alleged that Kyndryl lacked adequate internal controls and materially understated issues related to these controls [2] - The company was unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, due to these issues [2] - Defendants' statements regarding Kyndryl's business, operations, and prospects were claimed to be materially false and misleading [2] Group 2: Legal Process - Investors who suffered losses in Kyndryl during the relevant time frame have until April 13, 2026, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3] Group 3: Law Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the U.S. [4]