Kyndryl Investors Seek to Lead Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP announces opportunity for Kyndryl investors with substantial losses to lead class action lawsuit.

Published on Feb. 28, 2026

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Robbins Geller Rudman & Dowd LLP has announced that purchasers or acquirers of 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 of the Kyndryl class action lawsuit. The lawsuit alleges that Kyndryl misstated its financial statements and lacked adequate internal controls.

Why it matters

The Kyndryl class action lawsuit is significant as it alleges that the company provided misleading financial information to investors, which could have major implications for the company and its shareholders. The case highlights the importance of corporate transparency and accountability.

The details

The Kyndryl class action lawsuit, captioned Brander v. Kyndryl Holdings, Inc., No. 26-cv-00782 (E.D.N.Y.), charges Kyndryl and certain of its top current and former executives with violations of the Securities Exchange Act of 1934. The lawsuit alleges that defendants made false and/or misleading statements and/or failed to disclose that Kyndryl's financial statements were materially misstated, the company lacked adequate internal controls, and it would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025.

  • 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.
  • The deadline for investors to seek appointment as lead plaintiff of the Kyndryl class action lawsuit is April 13, 2026.

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 that has announced the Kyndryl class action lawsuit.

David Wyshner

Former Chief Financial Officer of Kyndryl, who departed from his position effective immediately.

Edward Sebold

Former General Counsel of Kyndryl, who departed from his position effective immediately.

Vineet Khurana

Former Senior Vice President and Global Controller of Kyndryl, who stepped down from his position and assumed a different role at the company.

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What’s next

The judge in the case will decide on April 13, 2026 whether or not to allow investors to serve as lead plaintiff of the Kyndryl class action lawsuit.

The takeaway

This case highlights the importance of corporate transparency and accountability, as well as the need for strong internal controls to ensure accurate financial reporting. Investors who suffered substantial losses due to Kyndryl's alleged misconduct have an opportunity to seek justice through the class action lawsuit.