A securities class action lawsuit has been filed against Kyndryl Holdings Inc. in the U.S. District Court for the Eastern District of New York, alleging the company and certain current and former executives made materially false or misleading statements between Aug. 7, 2024 and Feb. 9, 2026. The suit claims Kyndryl’s financial statements were misstated and internal controls were inadequate, contributing to a delayed quarterly filing and disclosures about an SEC enforcement inquiry into cash management practices and related reporting. Kyndryl shares fell about 55% following the Feb. 9, 2026 disclosure, according to the complaint. Investors seeking to be appointed lead plaintiff have until April 13, 2026.

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