Overview

A class action lawsuit has been filed against Kyndryl Holdings, Inc., (“Kyndryl,” or the “Company”) (NYSE : KD) and certain of the Company’s current and former senior executive officers (collectively, “Defendants”) alleging violations of federal securities laws. The Kyndryl lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Kyndryl securities between August 7, 2024, and February 9, 2026, inclusive (the “Class Period”). Investors have until April 13, 2026, to seek appointment as lead plaintiff of the Kyndryl class action lawsuit.

Kyndryl is a technology services company and one of the world’s largest IT infrastructure services providers. It designs, builds, manages, modernizes, and operates complex enterprise IT systems, including cloud environments, networking, cybersecurity, data and AI services, and digital workplace technologies.

The Kyndryl lawsuit alleges that Defendants misrepresented the effectiveness of the Company’s disclosure controls and internal controls over financial reporting in multiple quarterly and annual SEC filings. Specifically, the lawsuit alleges Defendants’ statements to investors failed to disclose that: (1) Kyndryl’s financial statements issued during the Class Period were materially misstated; (2) Kyndryl lacked adequate internal controls and at times materially understated issues with its internal controls; (3) as a result, Kyndryl would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025.

The truth was revealed on February 9, 2026, when Kyndryl announced that it would be unable to timely file its Form 10-Q and revealed the existence of an SEC investigation into the Company’s financial reporting. Kyndryl also stated it “anticipates reporting material weaknesses in the Company’s internal control over financial reporting” for several reporting periods. Later that day, the Company announced the departure of its Chief Financial Officer (“CFO”) and General Counsel, and disclosed Kyndryl’s Global Controller stepped down from his position to assume a different role at the Company. 

On this news, Kyndryl’s stock price plummeted, falling $12.90 per share, or 55%, to close at $10.59 per share on February 9, 2026.

*            *            *

If you purchased or otherwise acquired Kyndryl securities between August 7, 2024, and February 9, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara or Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Kyndryl lawsuit is April 13 2026.