Shares of Kyndryl Holdings, Inc. fell over 54% in intraday trading on February 9, 2026, after the company disclosed it is launching an internal review of its account practices, delayed its quarterly filing, and announced the departure of its Chief Financial Officer and General Counsel. Gibbs Mura is investigating a potential Kyndryl Holdings, Inc. (NYSE: KD) Securities Class Action Lawsuit concerning whether Kyndryl Holdings has violated federal securities laws by providing false or misleading statements to investors.
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What is the Kyndryl Holdings Investigation About?
On February 9, 2026, Kyndryl Holdings disclosed it is conducting an internal review of its accounting practices following an inquiry from the Division of Enforcement of the Securities and Exchange Commission (SEC). The company stated that its Audit Committee will investigate the company’s cash management practices and related disclosures, internal control over financial reporting, and “certain other matters,” following related document requests from the SEC.
In addition, the company announced it will delay the filing of its Form 10-Q for the quarter ended December 31, 2025 and that, when filed, it expects it will “report material weaknesses in the company’s internal control over financial reporting” for the period covered in the report, as well as the full fiscal year ended March 31, 2025, and the first two quarters of fiscal year 2026.
Additionally, the company revealed that its Chief Financial Officer, David Wysher, and General Counsel, Edward Sebold, have both left the company, effective immediately.
About Gibbs Mura, A Law Group
Gibbs Mura represents investors nationwide in securities litigation . The firm has recovered billions of dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.”
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