Kyndryl Holdings, Inc. Securities Class Action Lawsuit Filed; Lead Plaintiff Deadline April 13, 2026

Rhea-AI Summary

Argus Feb 25 session

+3.86% close to close Open Argus

Details

News Market Reaction – KD

On Feb 25, the day this news came out, KD closed 3.86% above the previous close.

Data tracked by StockTitan Argus for the Feb 25 session.

Key Figures

Class Period start: August 7, 2024 Class Period end: February 9, 2026 Lead plaintiff deadline: April 13, 2026 +5 more

Class Period start

August 7, 2024

Class period for KD securities purchasers

Class Period end

February 9, 2026

Class period for KD securities purchasers

Lead plaintiff deadline

April 13, 2026

Deadline to seek lead plaintiff appointment

Case number

26-cv-00782

Brander v. Kyndryl Holdings, Inc. (E.D.N.Y.)

Stock price drop

55%

Decline on February 9, 2026 news, per complaint

Phone contact

800/449-4900

Investor contact number for Robbins Geller

Form type referenced

Form 12b-25

Notification of Late Filing for Form 10‑Q

Fiscal year end referenced

March 31, 2025

Period for anticipated control weaknesses

Historical Context

5 past events · Latest: Feb 24

5 events

1. Feb 24

   AI collaboration

   24h Move

   +2.1%

   Announced Agentic AI collaboration with University of Liverpool for health innovation.

2. Feb 19

   Security operations launch

   24h Move

   -2.6%

   Launched Cyber Defense Operations Center to unify network and security operations.

3. Feb 17

   10‑Q and control update

   24h Move

   +11.0%

   Filed 10‑Q and amendments, disclosed control weaknesses but no financial restatements.

4. Feb 13

   Class action notice

   24h Move

   +7.9%

   Notified investors of April 13, 2026 application deadline for class action lawsuit.

5. Feb 12

   Banking platform deal

   24h Move

   -6.4%

   Announced multi‑bank core system modernization for Yamaguchi Financial Group.

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, quarterly report on form 10-q, form 12b-25, internal control over financial reporting

4 terms

securities class action regulatory

"The Kyndryl class action lawsuit charges Kyndryl as well as certain..."

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.

quarterly report on form 10-q regulatory

"unable to timely file its Quarterly Report on Form 10-Q for the quarter..."

A quarterly report on Form 10-Q is a standardized financial filing public companies must submit to U.S. regulators every three months, summarizing recent financial results, cash flows, balance sheet changes, operations and material risks or legal developments. Investors treat it like a company report card that shows up-to-date facts rather than marketing copy, helping them track performance, spot trends, reassess risk and make buy or sell decisions.

form 12b-25 regulatory

"filed a Notification of Late Filing on Form 12b-25 announcing it would be unable..."

Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.

internal control over financial reporting regulatory

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

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.

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

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SAN DIEGO, Feb. 25, 2026 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Kyndryl Holdings, Inc. (NYSE: KD) publicly traded securities between August 7, 2024 and February 9, 2026, inclusive (the "Class Period"), have until April 13, 2026 to seek appointment as lead plaintiff of the Kyndryl class action lawsuit.  Captioned Brander v. Kyndryl Holdings, Inc., No. 26-cv-00782 (E.D.N.Y.), the Kyndryl class action lawsuit charges Kyndryl as well as certain of Kyndryl's top current and former executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Kyndryl class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-kyndryl-holdings-inc-class-action-lawsuit-kd.html

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.

CASE ALLEGATIONS: Kyndryl operates as a technology services company and IT infrastructure services provider.

The Kyndryl class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Kyndryl's financial statements issued during the Class Period were materially misstated; (ii) Kyndryl lacked adequate internal controls and at times materially understated issues with its internal controls; and (iii) 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 Kyndryl class action lawsuit further alleges that on February 9, 2026, Kyndryl filed a Notification of Late Filing on Form 12b-25 announcing it would be unable to file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 within the necessary time.  Kyndryl also allegedly disclosed that: "The Company, through the Audit Committee of its Board of Directors, is reviewing its cash management practices, related disclosures (including regarding the drivers of the Company's adjusted free cash flow metric), 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," 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."  Kyndryl further revealed that "David Wyshner departed from his position as Chief Financial Officer of the Company, and Edward Sebold departed from his position as General Counsel of the Company, effective immediately.  In addition, on the same date, Vineet Khurana stepped down from his position as Senior Vice President and Global Controller of the Company and assumed a different role at the Company," the complaint alleges.  On this news, the price of Kyndryl stock fell 55%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Kyndryl publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Kyndryl class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Kyndryl investor class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Kyndryl shareholder class action lawsuit.  An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Kyndryl class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation.  Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025.  This marks our fourth #1 ranking in the past five years.  And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 

Services may be performed by attorneys in any of our offices. 

Contact:

            Robbins Geller Rudman & Dowd LLP

            J.C. Sanchez

            655 W. Broadway, Suite 1900, San Diego, CA 92101

            800-449-4900

            info@rgrdlaw.com 

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SOURCE Robbins Geller Rudman & Dowd LLP