Kyndryl Securities Case Draws Flurry of Investor Solicitations Before April 13 Lead‑Plaintiff Deadline

Plaintiff firms are competing to steer the early-stage case through lead‑plaintiff selection.

Overview

A securities class action naming Kyndryl was filed in the Eastern District of New York, captioned Brander v. Kyndryl Holdings, Inc., covering purchases from August 7, 2024 through February 9, 2026.
Rosen Law Firm, the Schall Law Firm, DJS Law Group, the Law Offices of Howard G. Smith, and Wolf Haldenstein issued notices urging investors to move for lead‑plaintiff status by April 13, 2026.
Complaints allege that Kyndryl’s financial statements were materially misstated and that the company failed to maintain adequate internal controls, including missing the December 31, 2025 Form 10‑Q deadline.
On February 9, 2026, Kyndryl disclosed an internal accounting review and SEC document requests, its CFO resigned, and the stock fell by more than 50% that day.
Kyndryl has said it does not expect to restate prior results but anticipates reporting material weaknesses in internal controls for FY25 and through the first three quarters of FY26, and no class has been certified.