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Class action lawsuit filed against Kyndryl after shares plunge 55% on SEC investigation news

Market News
02 Apr 2026
Newsfile Corp
View Source
Bearish
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A class action lawsuit has been filed against Kyndryl Holdings, Inc. by investors who bought securities between August 2024 and February 2026. The lawsuit follows Kyndryl's announcement on February 9, 2026, that it could not timely file its quarterly report due to an SEC investigation into its cash management and disclosures. The company also revealed material weaknesses in internal controls, causing its shares to drop 55% in one day. Investors have until April 13, 2026, to seek lead plaintiff status in the case.

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