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Kaplan Fox Announces an Investigation Into Kyndryl Holdings, Inc. (KD) for Potential Securities Law Violations

CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION

If you are a Kyndryl investor and have suffered losses, or if you have information that could assist in the Kyndryl investigation, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On February 9, 2026, before markets opened, Kyndryl filed a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission (“SEC”) to reporting that it would be unable to timely file its quarterly report on Form 10-Q for the quarter ended December 31, 2025.  The Company disclosed that it “anticipates reporting material weaknesses” regarding the “internal control over financial reporting for the period covered in the Quarterly Report, as well as for the full fiscal year ended March 31, 2025, and the first two fiscal quarters of fiscal year 2026[.]”  Additionally, Kyndryl disclosed that following the Company’s receipt of voluntary document requests from the SEC, the Company is “reviewing its cash management practices, related disclosures (including regarding the drivers of the Company’s adjusted free cash flow metric), the efficacy of the Company’s internal control over financial reporting, and certain other matters[.]”

In addition, the Company announced a number of leadership changes, including the immediate departures of the Company’s Chief Financial Officer and its General Counsel, and that the Global Controller had stepped down and assumed a different position.

Following this news, the price of Kyndryl stock fell as much as $13.29 per share, over 56%, during intraday trading on February 9, 2026. 

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.  With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this investigation, please contact:

CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

https://www.kaplanfox.com/case/kyndryl-holdings-inc/

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