NYSE:KDIT
Alleged Cash Flow Misreporting And Controls Issues Might Change The Case For Investing In Kyndryl (KD)
In March 2026, Saxena White P.A. filed a securities class action in the Southern District of New York against Kyndryl Holdings, certain executives, and directors, alleging that undisclosed, unsustainable cash management practices rendered its free cash flow disclosures misleading during the August 1, 2024 to February 6, 2026 period.
The lawsuit, which broadens an earlier case and coincides with Kyndryl’s delayed Form 10-Q filing, anticipated internal control weaknesses, and SEC document...