StockNews.AI
KD
StockNews.AI
120 days

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Kyndryl Holdings, Inc. – KD

1. Pomerantz LLP is investigating Kyndryl for potential securities fraud. 2. Gotham City claims Kyndryl manipulated financial metrics, affecting stock prices. 3. Kyndryl's stock fell 5.11% to $32.32 following the fraud allegations. 4. Investors are encouraged to contact Pomerantz for class action claims. 5. Pomerantz is a prominent firm in corporate and securities class litigation.

4m saved
Insight
Article

FAQ

Why Bearish?

The allegations of fraud can harm investor trust and brand reputation, similar to past cases such as Enron, which saw a substantial decline in stock value due to similar allegations. Market reactions to fraud allegations are typically negative, leading to significant losses.

How important is it?

The investigation by a reputable firm and potential class action significantly heightens the risk perception among investors, indicating a strong likelihood that it could influence KD's price adversely.

Why Short Term?

The immediate concern relates to the ongoing investigation and its potential to impact stock price quickly as investor sentiment typically reacts swiftly to fraud-related news, as evidenced in previous similar situations.

Related Companies

GDMIBMTMSFTORCL
NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Kyndryl Holdings, Inc. (“Kyndryl” or the “Company”) (NYSE: KD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Kyndryl and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On March 27, 2025, during market hours, Reuters published an article entitled “Kyndryl shares slump after Gotham City alleges it manipulated metrics.” This article stated that Kyndryl shares had fallen after “a research report from short-seller Gotham City alleged the IT services provider has manipulated certain financial metrics. Gotham City said Kyndryl manipulated its reported adjusted EBITDA and adjusted free cash flow to give the appearance of profits and cash flow while in reality it generated losses and burned cash.” On this news, Kyndryl’s stock price fell $1.74 per share, or 5.11%, to close at $32.32 per share on March 27, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

Related News