Levi & Korsinsky Reminds Kyndryl Investors of Pending Lawsuit

Class action lawsuit alleges financial misstatements and internal control issues at Kyndryl Holdings.

Apr. 13, 2026 at 6:59pm

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A high-end, photorealistic studio still-life photograph featuring a stack of financial documents, a calculator, and a pen arranged elegantly on a clean, white seamless background, conceptually representing the abstract corporate strategy and finance issues at the heart of the Kyndryl lawsuit.A lawsuit alleging financial misstatements and internal control issues at Kyndryl Holdings exposes broader concerns about corporate transparency and accountability.NYC Today

Levi & Korsinsky, LLP has notified investors in Kyndryl Holdings, Inc. (NYSE: KD) of a class action securities lawsuit. The lawsuit alleges that Kyndryl made false statements and concealed information about its financial reporting and internal controls during the class period from August 1, 2024 to February 9, 2026, resulting in material misstatements in the company's financial statements.

Why it matters

This lawsuit highlights ongoing concerns about financial reporting and internal controls at Kyndryl, a major IT infrastructure services company that was spun off from IBM in 2021. The case could have significant implications for Kyndryl's stock price and reputation if the allegations are proven.

The details

The filed complaint alleges that Kyndryl defendants made false statements and/or concealed that: (1) Kyndryl's financial statements issued during the class period were materially misstated; (2) Kyndryl lacked adequate internal controls and at times materially understated issues with its internal controls; (3) 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 (4) as a result, defendants' statements about Kyndryl's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

  • The class period is from August 1, 2024 to February 9, 2026.
  • The lead plaintiff deadline is April 13, 2026.

The players

Kyndryl Holdings, Inc.

An American IT infrastructure services company that was spun off from IBM in 2021.

Levi & Korsinsky, LLP

A law firm that has notified Kyndryl investors of the pending class action lawsuit.

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What they’re saying

“Kyndryl investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.”

— Joseph E. Levi, Attorney, Levi & Korsinsky, LLP

What’s next

Kyndryl investors have until April 13, 2026 to request to be appointed as lead plaintiff in the class action lawsuit.

The takeaway

This case highlights ongoing concerns about financial reporting and internal controls at Kyndryl, a major IT services company, and the potential legal and reputational risks the company faces if the allegations are proven.