Kyndryl Holdings, Inc. Notice of April 13, 2026 Application Deadline for Class Action Lawsuit - Contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC, Before Application Deadline

Rhea-AI Summary

Argus Mar 2 session

+4.06% close to close Open Argus

Details

News Market Reaction – KD

On Mar 2, the first trading day after this news, KD closed 4.06% above the previous close.

Data tracked by StockTitan Argus for the Mar 2 session.

Key Figures

Share price drop: $12.90 Single-day decline: 55% Closing price: $10.59 +5 more

Share price drop

$12.90

Single-day decline on February 9, 2026 following control and leadership disclosures

Single-day decline

55%

Price fall on February 9, 2026 tied to internal control weaknesses disclosure

Closing price

$10.59

Closing share price on February 9, 2026 after 55% drop

Class period start

August 7, 2024

Beginning of alleged securities fraud period in class action

Class period end

February 9, 2026

End of alleged securities fraud period in class action

Lead plaintiff deadline

April 13, 2026

Deadline to seek appointment as lead plaintiff in KD class action

Case number

26-cv-00782

Federal case identifier for Brander v. Kyndryl Holdings, Inc., et al.

Toll-free contact

1-877-515-1850

KSF law firm number for Kyndryl investors regarding the lawsuit

Historical Context

5 past events · Latest: 2026-02-26

5 events

1. 2026-02-26

   Conference appearance

   24h Move

   +1.7%

   Interim CFO scheduled to present business and financial performance at TMT event.

2. 2026-02-26

   Industry recognition

   24h Move

   +1.7%

   Named a Leader in IDC MarketScape for mainframe modernization infrastructure solutions.

3. 2026-02-25

   Class action filed

   24h Move

   +3.9%

   Securities class action lawsuit announcement with April 13, 2026 lead-plaintiff deadline.

4. 2026-02-24

   AI collaboration

   24h Move

   +2.1%

   Agentic AI collaboration with University of Liverpool on healthcare innovation projects.

5. 2026-02-19

   Security operations launch

   24h Move

   -2.5%

   Launch of Cyber Defense Operations Center to unify network and security operations.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

securities class action, form 10-q, internal control over financial reporting, material weaknesses, +4 more

8 terms

securities class action regulatory

"notifies investors in Kyndryl Holdings, Inc. ("Kyndryl" ) (NYSE: KD) of a class action securities lawsuit."

A securities class action is a lawsuit brought by a group of investors who claim they lost money because a company or its executives made false or misleading statements about financial performance, risks, or business prospects. Think of it as many people pooling forces to challenge misleading information; it matters to investors because these cases can lead to large settlements or judgments, hurt a company’s reputation, drain cash, and cause share prices to fall or become more volatile.

form 10-q regulatory

"unable to timely file its Form 10-Q Report for the quarter ended December 31, 2025"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

internal control over financial reporting regulatory

"material weaknesses in the Company's internal control over financial reporting for the period"

Internal control over financial reporting is a company’s system of procedures and checks designed to make sure its financial statements are accurate and complete, like a set of guardrails and verification steps that catch mistakes or fraud before numbers are published. Investors care because strong controls make reported results more trustworthy, lower the risk of surprise restatements or regulatory problems, and give greater confidence when valuing the company or comparing it to peers.

material weaknesses regulatory

"anticipates reporting material weaknesses in the Company's internal control over financial reporting"

Material weaknesses are significant flaws in a company’s systems for ensuring its financial reports are accurate and reliable. Like a broken lock on a safe, they increase the chance that financial statements contain big errors or omissions, which can mislead investors about performance and risk; discovering one often raises questions about management oversight, may lead to restated results, and can affect investor confidence and a company’s valuation.

lead plaintiff regulatory

"you have until April 13, 2026 to request that the Court appoint you as lead plaintiff"

The lead plaintiff is the representative investor chosen to speak and act on behalf of a group of shareholders in a securities lawsuit. Think of them as the elected spokesperson for a neighborhood when everyone sues a landlord: they coordinate the legal case, make strategic decisions, and negotiate settlements, so their choices can shape outcomes and any recovery that reaches all affected investors. Investors care because the lead plaintiff’s resources and approach can influence the size and speed of any payout and the costs deducted from it.

boutique securities litigation financial

"one of the nation's premier boutique securities litigation law firms."

A boutique securities litigation practice is a small, specialized law firm or team that handles lawsuits about alleged violations of securities laws—such as misleading disclosures or insider trading—rather than a large, generalist firm. Investors care because these targeted legal actions can lead to costly settlements, regulatory scrutiny or reputational damage that can move a company’s stock price and change the risk and value of an investment, much like a specialist mechanic diagnosing a particular engine problem that could affect a car’s resale value.

plaintiff law firms regulatory

"TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services"

Plaintiff law firms are legal practices that represent individuals or groups who bring lawsuits against companies or other parties, acting like hired advocates to pursue compensation or changes. They matter to investors because their actions can lead to costly settlements, judgments, regulatory scrutiny or reputational damage that affect a company’s finances and stock price—similar to how a leak can reveal hidden damage and change the value of a house.

securities litigation regulatory

"boutique securities litigation law firms. This past year, KSF was ranked"

Securities litigation is a legal dispute brought by investors, regulators, or other parties alleging false statements, misleading information, insider trading, or other wrongdoing tied to the buying, selling, or holding of stocks, bonds or other financial instruments. It matters to investors because lawsuits can produce fines, payouts, damaged reputations and sharp stock moves—like a costly product recall or lawsuit that forces a company to pay and rebuild trust, potentially reducing shareholder value and altering future prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK and NEW ORLEANS, Feb. 27, 2026 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Kyndryl Holdings, Inc. ("Kyndryl" or the "Company") (NYSE: KD) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of Kyndryl who were adversely affected by alleged securities fraud between August 7, 2024 and February 9, 2026. Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nyse-kd/

Kyndryl investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850, or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-kd/ to learn more.

CASE DETAILS: On February 9, 2026, the Company disclosed that it would be unable to timely file its Form 10-Q Report for the quarter ended December 31, 2025 and that "the Company anticipates reporting material weaknesses in the Company's internal control over financial reporting for the period covered in the Quarterly Report, as well as for the full fiscal year ended March 31, 2025, and the first two fiscal quarters of fiscal year 2026, which are expected to include, but may not be limited to, 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," as well as the departure of its C.F.O and General Counsel. On this news, the price of Kyndryl's shares fell $12.90 per share, or 55%, to close at $10.59 on February 9, 2026.

The case is Brander v. Kyndryl Holdings, Inc., et al., No. 26-cv-00782.

WHAT TO DO? If you invested in Kyndryl and suffered a loss during the relevant time frame, you have until April 13, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC