Kyndryl Securities Class Action Centers on Cash Controls as April 13 Lead‑Plaintiff Deadline Nears

Overview

• The case is filed in the U.S. District Court for the Eastern District of New York as Brander v. Kyndryl Holdings, Inc., Case No. 1:26-cv-00782.
• The alleged class period covers purchases of Kyndryl securities from August 7, 2024 through February 9, 2026.
• Plaintiffs allege materially misstated financials, inadequate internal controls, and misleading disclosures tied to cash management and adjusted free cash flow.
• Kyndryl disclosed an Audit Committee review after voluntary SEC Division of Enforcement document requests, warned of expected material weaknesses, flagged unreliability of prior internal-control assessments and the auditor’s opinion, delayed its 10‑Q, and announced the immediate exits of its CFO and General Counsel.
• Multiple firms, including Rosen, Faruqi & Faruqi, The Gross Law Firm, Kessler Topaz, and DJS Law Group, are soliciting investors to seek lead‑plaintiff status by April 13, 2026, and the litigation remains at an early stage with no class certified.