Kyndryl Holdings, Inc. (NYSE: KD)

This lawsuit is for anyone who acquired securities in Kyndryl Holdings, Inc. (NYSE: KD) from August 7, 2024 through February 9, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company maintained adequate controls over its cash management practices when the Company lacked such controls.

On February 9, 2026, Kyndryl announced the Company’s CFO and General Counsel had both departed “effective immediately.” The Company also announced that it “is reviewing its cash management practices related disclosures” as well as “the efficacy of the Company’s internal control over financial reporting, and certain other matters following the Company’s receipt of voluntary document requests from the Division of Enforcement of the Securities and Exchange Commission (“SEC”) relating to such matters.” The Company further announced it “anticipates reporting material weaknesses in the Company’s internal control over financial reporting” which is expected to include at minimum “the effectiveness and strength of certain functions at the Company, including with respect to controls related to information and communication and tone at the top.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Kyndryl Holdings, Inc. (NYSE: KD) from August 7, 2024 through February 9, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.