According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- Kyndryl’s financial statements issued during the Class Period were materially misstated;
- Kyndryl lacked adequate internal controls and at times materially understated issues with its internal controls;
- as a result, Kyndryl would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025; and
- as a result, defendants’ statements about Kyndryl’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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