New Filing Extends Class Period in Kyndryl Securities Suits

Overview

• A newly filed complaint Wednesday in the Southern District of New York expands the proposed class period to August 1, 2024 through February 6, 2026.
• Competing law firms say the deadline to ask the court to be lead plaintiff is April 13, 2026.
• Plaintiffs cite Kyndryl’s February 9, 2026 disclosure of an internal accounting review, SEC Enforcement document requests, a delayed Quarterly Report on Form 10-Q, and the immediate exits of its CFO and general counsel, which preceded a roughly 50% stock drop.
• The first-filed Brander case in the Eastern District of New York and the Westchester Putnam Counties case in the Southern District of New York are now both on file.
• No class is certified yet, so investors can retain counsel, move to lead the case, or remain absent class members.