Kyndryl discloses potential indemnity exposure from $1.434B BMC judgment against IBM

Kyndryl Holdings, Inc.

Texas court awarded BMC $717M in direct damages and $717M in punitive damages plus interest against IBM.
IBM plans to appeal and seek a stay; Kyndryl is not a party but may owe IBM indemnity.
Any indemnity obligation for Kyndryl is described as indeterminate pending appeals and insurance determination.

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