MarketPulse

financial misstatements

3 articles
BenzingaBenzinga··Djs Law Group

Lufax Hit With Class Action Over False Statements and Control Lapses

$LU faces securities lawsuit alleging false financial statements and weak internal controls from April 2023 through January 2025. Class action deadline set for May 2026.
LUclass action lawsuitinternal controls
GlobeNewswire Inc.GlobeNewswire Inc.··Kessler Topaz Meltzer & Check, Llp

Kyndryl Faces Securities Fraud Suit Over Control Failures; Stock Crashed 54%

Kyndryl ($KD) faces class action lawsuit alleging material misstatements on controls. Stock plunged 54% after CFO, General Counsel departures and SEC disclosure.
KDsecurities fraudclass action lawsuit
GlobeNewswire Inc.GlobeNewswire Inc.··Wolf Haldenstein Adler Freeman & Herz Llp

Kyndryl Faces Class Action Lawsuit Over Accounting Controls and Financial Disclosures

Kyndryl faces class action lawsuit for allegedly issuing false financial statements and maintaining inadequate accounting controls, following a 50% stock drop in February 2026.
KDclass action lawsuitstock price decline