Autodesk (ADSK) Internal Control Issues Case

N.D. California

Court

4:24-cv-02431

Case number

06/01/2023

Class period Start

04/16/2024

Class period End

06/24/2024

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

Autodesk (ADSK) Internal Control Issues Case

Collecting participants…