Faruqi & Faruqi Reminds Kyndryl Investors of Securities Class Action Deadline

Law firm investigates potential claims against Kyndryl Holdings, Inc. over financial reporting issues.

Published on Feb. 16, 2026

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Faruqi & Faruqi, LLP, a national securities law firm, is investigating potential claims against Kyndryl Holdings, Inc. (NYSE: KD) and reminds investors of the April 13, 2026 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company. The complaint alleges that Kyndryl made false and/or misleading statements regarding its financial statements, internal controls, and ability to timely file its quarterly report.

Why it matters

This case highlights concerns about Kyndryl's financial reporting and internal controls, which led to the company's delayed quarterly filing and the departure of its CFO and General Counsel. Investors who suffered losses may be able to recover damages through the class action lawsuit.

The details

According to the complaint, Kyndryl disclosed on February 9, 2026 that its Audit Committee is reviewing the company's cash management practices, related disclosures, and the efficacy of its internal control over financial reporting. Kyndryl also stated that it expects to report material weaknesses in internal control over financial reporting for multiple reporting periods, and that its previously issued assessment of internal control over financial reporting should no longer be relied upon. In addition, Kyndryl announced the immediate departures of its Chief Financial Officer and General Counsel, and filed a Form NT 10-Q indicating a delay in the filing of its Quarterly Report.

  • On February 9, 2026, Kyndryl disclosed the issues with its financial reporting and internal controls.
  • The April 13, 2026 deadline is for investors to seek the role of lead plaintiff in the federal securities class action.

The players

Faruqi & Faruqi, LLP

A leading national securities law firm that is investigating potential claims against Kyndryl Holdings, Inc.

Kyndryl Holdings, Inc.

A company that provides information technology (IT) infrastructure services.

James (Josh) Wilson

A Faruqi & Faruqi partner who is encouraging investors who suffered losses in Kyndryl to contact him directly to discuss their options.

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What they’re saying

“If you purchased or acquired securities in Kyndryl between August 7, 2024 and February 9, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).”

— James (Josh) Wilson, Faruqi & Faruqi Partner (Newsfilecorp)

What’s next

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

The takeaway

This case highlights the importance of accurate financial reporting and strong internal controls for publicly traded companies. Investors who suffered losses due to Kyndryl's alleged misconduct may be able to recover damages through the class action lawsuit, but the outcome will depend on the court's determination of the lead plaintiff and the merits of the case.