Kyndryl Investors Seek Lead Plaintiff Role in Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP announces class action opportunity for Kyndryl shareholders with substantial losses

Published on Feb. 28, 2026

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Investors who purchased or acquired 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 made false and misleading statements about its financial reporting and internal controls, leading to a 55% stock price drop when the issues were disclosed.

Why it matters

This class action lawsuit represents an opportunity for Kyndryl investors who suffered substantial losses to potentially recover damages. The allegations of financial reporting issues and internal control weaknesses at Kyndryl raise concerns about the company's governance and transparency, which are important factors for investors.

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 executives violated the Securities Exchange Act of 1934 by making false and misleading statements about the company's financial reporting and internal controls. Specifically, the lawsuit claims Kyndryl's financial statements were materially misstated, the company lacked adequate internal controls, and it would be unable to timely file its Q3 2025 financial report. On February 9, 2026, Kyndryl disclosed these issues, leading to a 55% stock price drop.

  • The class period is from August 7, 2024 to February 9, 2026.
  • Investors have until April 13, 2026 to seek lead plaintiff status.

The players

Kyndryl Holdings, Inc.

A technology services company and IT infrastructure services provider.

Robbins Geller Rudman & Dowd LLP

A leading law firm representing investors in securities fraud and shareholder rights litigation.

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What they’re saying

“Investors who suffered substantial losses and wish to serve as lead plaintiff of the Kyndryl class action lawsuit should provide their information on the Robbins Geller website.”

— J.C. Sanchez, Attorney, Robbins Geller (Robbins Geller)

What’s next

The judge 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 highlights the importance of financial transparency and strong internal controls for public companies. Kyndryl investors who suffered losses have an opportunity to potentially recover damages and hold the company accountable through this class action lawsuit.