Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
ADSK.US
id: 1200
Autodesk (ADSK) Internal Control Issues Case
N.D. California
Court4:24-cv-02431
Case number06/01/2023
Class period Start04/16/2024
Class period End06/24/2024
Lead Plaintiff motion deadline- $ADSK stockholder filed a claim vs. Autodesk for failing to disclose that it had internal control problems with its cash flow and operating margin practices.
- When the news about these issues came out, $ADSK fell 5%, losing $917M+ of shareholder value.
- Autodesk investors can join this case to be notified about the potential recovery.
On April 1, 2024, Autodesk notified the SEC of a late filing due to an internal investigation into its free cash flow and non-GAAP operating margin practices.
Following the news, $ADSK dropped 4% the next day.
Then, on April 16, 2024, Autodesk announced it couldn't submit its Form 10-K within the extended 15-day period granted by the SEC.
After that, $ADSK dropped 5% on April 17, 2024.
Based on these events, investors have reasons to suspect that Autodesk didn't disclose its lack of proper controls due to issues with its cash flow and operating margin practices.
One of ADSK's investors has already filed a claim vs. Autodesk in N. D. California court.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Mismanagement,
Misleading Statements,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
04/18/2024
Filing date
04/24/2024
Lead Plaintiff Deadline
06/24/2024
Judge
Yvonne Gonzalez Rogers