Kyndryl Investors Seek Lead in Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP Announces Opportunity for Investors with Substantial Losses

Feb. 21, 2026 at 6:35pm

Got story updates? Submit your updates here. ›

Investors who purchased Kyndryl Holdings, Inc. (NYSE: KD) publicly traded securities between August 7, 2024 and February 9, 2026 have until April 13, 2026 to seek appointment as lead plaintiff in a class action lawsuit against the company and certain executives. The lawsuit alleges Kyndryl misstated its financial statements and lacked adequate internal controls, leading to the company's inability to timely file its Q3 2025 financial report.

Why it matters

This case highlights the importance of financial transparency and accurate reporting for publicly traded companies. Investors rely on this information to make informed decisions, and any misstatements or lack of internal controls can have significant financial implications. The class action lawsuit aims to hold Kyndryl accountable and seek compensation for investors who suffered losses.

The details

The class action lawsuit, captioned Brander v. Kyndryl Holdings, Inc., No. 26-cv-00782 (E.D.N.Y.), alleges that Kyndryl and certain of its top current and former executives violated the Securities Exchange Act of 1934. Specifically, the lawsuit claims Kyndryl made false and/or misleading statements about its financial statements, lacked adequate internal controls, and ultimately was unable to timely file its Q3 2025 financial report. On February 9, 2026, Kyndryl disclosed it was reviewing its cash management practices, related disclosures, internal controls, and other matters following a voluntary document request from the SEC's Division of Enforcement. The company also announced the departures of its CFO, General Counsel, and Global Controller.

  • Kyndryl securities were purchased or acquired between August 7, 2024 and February 9, 2026.
  • Investors have until April 13, 2026 to seek appointment as lead plaintiff.

The players

Kyndryl Holdings, Inc.

A technology services company and IT infrastructure services provider.

Robbins Geller Rudman & Dowd LLP

A law firm representing investors in securities fraud and shareholder rights litigation, and the firm bringing the class action lawsuit against Kyndryl.

David Wyshner

Former Chief Financial Officer of Kyndryl, who departed the company effective immediately on February 9, 2026.

Edward Sebold

Former General Counsel of Kyndryl, who departed the company effective immediately on February 9, 2026.

Vineet Khurana

Former Senior Vice President and Global Controller of Kyndryl, who stepped down from that position and assumed a different role at the company on February 9, 2026.

Got photos? Submit your photos here. ›

What’s next

The judge in the case will decide on April 13, 2026 whether to allow investors to serve as lead plaintiff in the class action lawsuit against Kyndryl.

The takeaway

This case underscores the importance of robust internal controls and transparent financial reporting for publicly traded companies. Investors rely on this information to make informed decisions, and any issues with a company's accounting practices can have significant financial consequences. The class action lawsuit aims to hold Kyndryl accountable and seek compensation for investors who suffered losses due to the company's alleged misconduct.