Kyndryl Class Action Moves Forward With April 13 Lead-Plaintiff Deadline

Overview

• Plaintiffs' firms including Berger Montague, Rosen, and Kahn Swick & Foti are recruiting investors for a securities case covering purchases from August 7, 2024 through February 9, 2026.
• The complaint alleges Kyndryl made false or misleading statements and that its financials were materially misstated due to inadequate internal controls.
• On February 9, 2026, Kyndryl said it could not timely file its December 31, 2025 Form 10‑Q, disclosed an SEC inquiry into cash management and related disclosures, and noted an internal Audit Committee review.
• The company said it anticipated material weaknesses in controls, including information and communication and tone at the top, announced the CFO and general counsel had departed, and its shares fell 55% to close at $10.59.
• Kyndryl filed the delayed 10‑Q and amendments on February 17 with a remediation plan, but the SEC review and the newly filed civil claims remain unresolved.