StockNews.AI
KD
StockNews.AI
116 days

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

1. Pomerantz LLP is investigating claims against Kyndryl for alleged securities fraud. 2. Gotham City accused Kyndryl of manipulating financial metrics to misrepresent profits. 3. Kyndryl's shares dropped 5.11% following these allegations on March 27, 2025. 4. The Pomerantz Firm specializes in corporate and securities class action litigation. 5. Investors are encouraged to join the investigation into Kyndryl's practices.

4m saved
Insight
Article

FAQ

Why Very Bearish?

The ongoing investigation and serious fraud allegations could significantly harm investor confidence, akin to past instances where companies faced class actions (e.g., Enron). Such events often lead to long-term reputational damage and stock value declines.

How important is it?

The legal investigation could have widespread ramifications for Kyndryl, significantly impacting market perception and stock value.

Why Long Term?

Fraud investigations can persist for many months, affecting Kyndryl's stock performance well into the future as legal battles evolve and investor sentiment remains cautious.

Related Companies

IBMNTT DATADXC Technology
NEW YORK, April 25, 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