{"id":407574,"date":"2026-04-04T15:21:00","date_gmt":"2026-04-04T15:21:00","guid":{"rendered":"https:\/\/dailybanglanewspapers.com\/news\/kd-9-day-deadline-alert-kyndryl-kd-facing-securities-class-action-amid-55-stock-drop-after-four-bombshell-disclosures-hagens-berman\/"},"modified":"2026-04-04T15:21:00","modified_gmt":"2026-04-04T15:21:00","slug":"kd-9-day-deadline-alert-kyndryl-kd-facing-securities-class-action-amid-55-stock-drop-after-four-bombshell-disclosures-hagens-berman","status":"publish","type":"post","link":"https:\/\/dailybanglanewspapers.com\/news\/kd-9-day-deadline-alert-kyndryl-kd-facing-securities-class-action-amid-55-stock-drop-after-four-bombshell-disclosures-hagens-berman\/","title":{"rendered":"KD 9-DAY DEADLINE ALERT: Kyndryl (KD) Facing Securities Class Action Amid 55% Stock Drop After Four Bombshell Disclosures \u2013 Hagens Berman"},"content":{"rendered":"

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SAN FRANCISCO, April 04, 2026 (GLOBE NEWSWIRE) — National shareholder rights law firm Hagens Berman<\/strong> is alerting investors to an expanded securities class action filed against Kyndryl Holdings, Inc. (NYSE: KD)<\/strong>. The new litigation expands the potential class of affected investors and introduces new allegations regarding the company\u2019s free cash flow reporting.<\/p>\n

REPORT YOUR KD INVESTMENT LOSSES TO HBSS<\/strong>.<\/a><\/p>\n

The newly filed action, Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds v. Kyndryl Holdings, Inc., et al.<\/em><\/strong> (S.D.N.Y.)<\/strong>, seeks to represent all persons and entities who purchased or otherwise acquired Kyndryl securities between August 1, 2024, and February 6, 2026<\/strong>, inclusive (the \u201cExpanded Class Period\u201d).\u00a0\u00a0<\/p>\n

Kyndryl (KD) investors are encouraged to visit our updated case page to review the expanded allegations: www.hbsslaw.com\/cases\/kd<\/strong><\/a>, or view our latest video summary of the allegations: youtu.be\/yBLSIN6NeQ0<\/strong><\/a><\/p>\n

\u201cThe litigation alleges that Kyndryl\u2019s much-touted free cash flow\u2014a key indicator of the company\u2019s growth\u2014was a mirage built on undisclosed and unsustainable cash management practices,\u201d said Reed Kathrein<\/strong><\/a>, the Hagens Berman partner leading the firm\u2019s investigation of the alleged claims in the pending litigation. \u201cWe are investigating whether the company used these practices to mask its true financial health, leading to the massive 55% value destruction when the CFO and General Counsel abruptly departed and the SEC’s investigation became public.\u201d<\/p>\n

Kyndryl Holdings, Inc. (KD) Securities Class Action: Expanded Allegations <\/strong><\/p>\n

While the initial complaint focused primarily on the failure to timely file financial reports and deficient internal controls, the expanded complaint alleges that throughout the Class Period, Kyndryl and its executives failed to disclose:<\/p>\n