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

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Rhea-AI Summary

Argus Feb 17 session

+11.03% close to close Open Argus

Details

News Market Reaction – KD

On Feb 17, the first trading day after this news, KD closed 11.03% above the previous close.

Data tracked by StockTitan Argus for the Feb 17 session.

Key Figures

Class period start: August 7, 2024 Class period end: February 9, 2026 One-day drop: $12.90 +3 more

Class period start: August 7, 2024; Alleged securities fraud period start in lawsuit
Class period end: February 9, 2026; Alleged securities fraud period end in lawsuit
One-day drop: $12.90; Per-share decline on February 9, 2026 after control disclosures
One-day decline: 55%; Share price decline on February 9, 2026
Close after drop: $10.59; Closing price on February 9, 2026 cited in lawsuit notice
Application deadline: April 13, 2026; Deadline to request lead plaintiff status in class action

Historical Context

5 past events · Latest: Feb 12

5 events

Feb 12
Banking platform deal

24h Move

-6.4%

Multi‑year project to modernize Yamaguchi Financial Group’s core banking systems.
Feb 12
Cyber recovery launch

24h Move

-6.4%

Launch of Kyndryl Intelligent Recovery Service for automated, compliant incident recovery.
Feb 11
Accounting investigation

24h Move

+9.0%

Discussion of shift in cash flow metrics ahead of an accounting investigation.
Feb 11
AI governance feature

24h Move

+9.0%

New policy-as-code capability to govern agentic AI workflows in regulated settings.
Feb 09
Earnings & controls

24h Move

-54.9%

Q3 FY26 results with delayed 10‑Q and internal control concerns plus leadership changes.

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

Key Terms

class action securities lawsuit, form 10-q, material weaknesses, internal control over financial reporting, +1 more

5 terms

class action securities lawsuit regulatory

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

A class action securities lawsuit is a legal claim brought collectively by a group of investors who say they were harmed by a company’s false or misleading statements, bad accounting, or failure to disclose important facts. It matters to investors because outcomes — settlements, fines, leadership changes or prolonged legal costs — can reduce a company’s cash, damage its reputation and depress the stock price, similar to many neighbors joining one lawsuit that drains a builder’s resources.

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.

material weaknesses regulatory

"the Company 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.

internal control over financial reporting regulatory

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

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.

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.

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

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02/13/2026 - 10:17 PM

NEW YORK and NEW ORLEANS, Feb. 13, 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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