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0.000406173842404613 0.00162469536961816 -0.00162469536961816 -0.000812347684809081 -0.00203086921202277 -0.00162469536961816 0.0052802599512591 0.000812347684809081
Stock impact report

Kyndryl Holdings (KD) Securities Class Action Pending, Company Files Amended Quarterly and Fiscal Year Reports Detailing Material Internal Control Weaknesses After 3 Key Executives Depart–...

Kyndryl Holdings, Inc. (KD) 
Company Research Source: GlobeNewswire
SAN FRANCISCO, March 13, 2026 (GLOBE NEWSWIRE) -- On February 17, 2026, Kyndryl Holdings, Inc. (NYSE: KD) filed two amended quarterly reports and one amended annual report providing further detail about problems previously reported on February 9, 2026. The recent filings reveal that “the Company’s disclosure controls and procedures and internal control over financial reporting were ineffective” as of March 31, June 30, and September 30, 2025. Each specified that “senior finance executives failed to set an appropriate tone at the top[.]” In addition, Kyndryl said “there was a lack of transparency with the Company’s Chief Executive Officer, the Audit Committee of the Board and the Board such that disclosure processes, including with respect to cash management practices regarding deferring vendor payments quarter to quarter, were impacted.” The developments come shortly after investors saw the price of Kyndryl shares crater 55% on February 9, 2026, after the company anno Show less Read more
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