Shares of Kyndryl Holdings fell over 10% during trading on March 27, after Gotham City Research released a report alleging the company inflated profitability by capitalizing routine costs at unusually high levels and artificially inflating key financial metrics. Additionally, Gotham City Research's report claims that Kyndryl failed to disclose escalating risks tied to its critical relationship with IBM. Block & Leviton is investigating.
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