DEADLINE ALERT: Faruqi & Faruqi, LLP is investigating claims on behalf of Autodesk investors

NEW YORK, May 10, 2024 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating and reminds investors of potential claims against Autodesk, Inc. (“Autodesk” or the “Company”) (NASDAQ: ADSK). Deadline: June 24, 2024 to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson encourages investors who have suffered losses of more than $100,000 at Autodesk to contact him directly to discuss their options

If you suffered losses of more than $100,000 by investing in Autodesk stock or options between June 1, 2023 and April 16, 2024 and would like to discuss your legal rights, Call Faruqi & Faruqi Partners Josh Wilson directly at 877-247-4292 or 212-983-9330 (ext. 1310). For more information you can also click here: www.faruqilaw.com/ADSK.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The company has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As set forth below, the complaint alleges that the Company and its officers violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Autodesk, Inc., pursuant to problems with its free cash flow and non-GAAP operating margin practices not having adequate internal controls; and (2) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details came to light, the lawsuit says investors suffered harm.

On April 1, 2024, after the market closed, Autodesk filed a Notice of Late Filing on Form NT 10-K with the SEC. In the late filing notice, Autodesk said it was unable to file its 10-K for the fiscal year ended January 31, 2024 within the required deadline, disclosing that “following the company’s earnings release on February 29, 2024.” was brought to the attention of management, which promptly informed the Audit Committee (the “Committee”) of the Company’s Board of Directors, prompting the Committee, with the assistance of outside counsel and consultants, to conduct an internal investigation regarding to initiate the Company’s free cash flow and non-GAAP operating margin practices.

The notice of late filing also states: “The Company has voluntarily contacted the (SEC) to inform it that an internal investigation is underway and the Committee intends to provide the Commission with additional information as the investigation progresses To make available. The company needs more time to assist the committee in its investigation and to review its practices in this regard.”

On this news, Autodesk stock fell $10.73 per share, or 4%, to close at $248.71 per share on April 2, 2024.

The court-appointed lead plaintiff is the investor with the greatest financial interest in the relief sought by the class, who is appropriate and typical of the class, and who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may request the Court to serve as lead plaintiff through counsel of their choice, or may elect to do nothing and remain an absent class member. Your ability to participate in any recovery will not be affected by the decision to serve as lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information about Autodesk’s conduct to contact the company, including whistleblowers, former employees, shareholders and others.

To find out more about the Autodesk Class action lawsuit, go for it www.faruqilaw.com/ADSK or Call Faruqi & Faruqi Partners Josh Wilson directly at 877-247-4292 or 212-983-9330 (ext. 1310).

Lawyer advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar result with respect to future matters. We welcome the opportunity to discuss your individual case. All communications will be treated confidentially.

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