A securities fraud class action has been filed against Kyndryl Holdings Inc. and certain senior executives in the U.S. District Court for the Eastern District of New York. The lawsuit alleges the company misrepresented its cash management practices, including drivers of its adjusted free cash flow metric, and the effectiveness of internal controls over financial reporting for FY2025 and the first three quarters of FY2026. The case follows a sharp share-price drop after Kyndryl said it would delay its fiscal Q3 2026 financial statement amid an accounting review and SEC document requests, and disclosed the departures of its CFO and general counsel.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kyndryl Holdings Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202602200617NEWSFILECNPR____20260220_284570_1) on February 20, 2026, and is solely responsible for the information contained therein.