Kyndryl Investors Face April 13 Deadline to Seek Lead Role in Expanding Securities Class Actions

Plaintiff firms urge shareholders to step forward by April 13 following February disclosures that triggered a steep one-day selloff.

Overview

Multiple firms — Rosen, Hagens Berman, Kahn Swick & Foti, Faruqi & Faruqi, Kessler Topaz and the Schall Law Firm — have filed suits or issued notices seeking to represent Kyndryl investors.
The actions target purchases from August 7, 2024 through February 9, 2026, with motions for lead plaintiff due April 13, 2026.
Complaints cite Kyndryl’s February 9 notice that it would delay its December 31, 2025 Form 10‑Q while the Audit Committee reviews cash‑management practices, related disclosures and internal controls.
Kyndryl said it expects to report material weaknesses — including issues tied to information and "tone at the top" — and that prior internal‑control assessments and the auditor’s FY2025 opinion should not be relied upon.
The company also disclosed senior executive departures and SEC Division of Enforcement document requests, and its shares fell about 50–55% that day.