NEW YORK, NY - February 13, 2026 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Kyndryl Holdings, Inc. (“Kyndryl” or the “Company”) (NYSE: KD) on behalf of investors that purchased or otherwise acquired Kyndryl securities between August 7, 2024 and February 9, 2026 (the “Class Period”).
If you are an investor in Kyndryl and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than April 13, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On February 9, 2026, before markets opened, Kyndryl filed a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission (“SEC”) reporting that it would be unable to timely file its quarterly report on Form 10-Q for the quarter ended December 31, 2025. The Company disclosed that it “anticipates reporting material weaknesses” regarding its “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[.]” Additionally, Kyndryl disclosed that following the Company’s receipt of voluntary document requests from the SEC, the Company 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[.]”
Kyndryl also announced a number of leadership changes, including the immediate departures of the Company’s Chief Financial Officer and its General Counsel, and that the Global Controller had stepped down and assumed a different position.
On February 12, 2026, the price of Kyndryl stock fell $12.90 per share, or 55%, to close at $10.59 per share.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that Defendants (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; (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; and (iv) as a result, defendants’ statements about Kyndryl’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
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If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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