SAN FRANCISCO, CA / ACCESS Newswire / March 19, 2026 / National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP encourages investors in Kyndryl Holdings, Inc. ("Kyndryl" or the "Company") (NYSE:KD) who purchased or otherwise acquired the publicly traded securities of Kyndryl between August 1, 2024 and February 9, 2026, inclusive (the "Class Period") to contact us immediately regarding the pending securities class action against Kyndryl. The deadline to apply to be lead plaintiff is April 13, 2026.
Class Period: August 1, 2024 – February 9, 2026
Lead Plaintiff Motion Deadline: April 13, 2026
Case information: https://lieffcabraser.com/securities/kyndryl/
Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358
Kyndryl, headquartered in New York City, specializes in creating, manufacturing, overseeing, and developing large-scale information systems.
The action alleges that, throughout the Class Period, defendants made false and/or misleading statements about Kyndryl’s reported free cash flow metrics and improperly claimed those metrics demonstrated the strength of the Company’s financial condition and prospects. Defendants failed to disclose that Kyndryl’s reported cash flow depended on undisclosed and unsustainable cash management practices that concealed Kyndryl’s true financial condition and prospects, and material weaknesses in its internal controls over financial reporting.
The truth began to emerge on August 4, 2025, after markets closed, when Kyndryl announced its financial results for the first quarter of fiscal 2026, reporting a revenue of $3.743 billion and free cash flow use of $222 million, missing analysts’ expectations of $3.788 billion and $219 million, respectively. Kyndryl’s Chief Financial Officer David Wyshner assured investors that the Company was committed to "delivering significant margin expansion and generating free cash flow growth" with a "solid game plan" in place to "drive [Kyndryl’s] strategic progress." On this news, the price of Kyndryl common stock fell $7.76 per share, or 21.1%, from a closing price of $36.70 on August 4, 2025, to close at $28.94 on August 5, 2025, on extremely heavy trading volume.
On February 9, 2026, before markets opened, Kyndryl announced it would not be able to timely file its Form 10-Q for the third quarter of fiscal 2026 due to anticipated internal control weaknesses in its "cash management practices." Kyndryl also announced that it had received a document request from the SEC, and that CFO Wyshner and Kyndryl’s General Counsel Edward Sebol departed abruptly. In addition, Kyndryl announced its financial results for the third quarter of fiscal 2026, reporting adjusted earnings per share ("EPS") of $0.52 and revenue of $3.86 billion, missing analysts’ expectations of an EPS of $0.61 and revenue of $3.89 billion, and lowered its fiscal 2026 full-year guidance for free cash flow from $550 million to a range of $325 million to $375 million. On this news, the price of Kyndryl stock fell $12.90 per share, or 55%, from a closing price of $23.49 on February 6, 2026, to close at $10.59 on February 9, 2026, on extremely heavy trading volume.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with over 125 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Repeatedly recognized as a "Plaintiffs’ Powerhouse" by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $129 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.
Source/Contact
Sharon Lee
Lieff Cabraser Heimann & Bernstein, LLP
415 956-1000
slee@lchb.com
SOURCE: Lieff Cabraser Heimann & Bernstein
View the original press release on ACCESS Newswire
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