Contact Kessler Topaz Meltzer & Check,

RADNOR, Pa., May 12, 2024 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the U.S. District Court for the Northern District of California against Autodesk , Inc. (“Autodesk”) (NASDAQ: ADSK). The lawsuit accuses Autodesk of violations of federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. As a result of Autodesk’s materially misleading statements and omissions to the public, Autodesk’s investors have suffered significant losses.

If you have suffered Autodesk losses, you can CLICK HERE or go to: https://www.ktmc.com/new-cases/autodesk-inc?utm_source=PR&utm_medium=link&utm_campaign=adsk&mktm=r

You may also contact Attorney Jonathan Naji, Esq. turn around. from Kessler Topaz at (484) 270-1453 or email [email protected]. The lead plaintiff deadline is June 24, 2024.

Alleged misconduct by the defendant
The class period begins on June 1, 2023, when Autodesk filed with the SEC its Quarterly Report on Form 10-Q for the period ended April 30, 2023. Therein and throughout the Class Period, defendants assured investors of the accuracy of financial reporting, disclosure of any material changes in the Company’s internal control over financial reporting, and disclosure of any fraud.

Then, on April 1, 2024, Autodesk announced that the company was unable to file its annual report on a timely basis due to “an internal investigation assisted by outside counsel and consultants regarding the Company’s free cash flow and non-GAAP operating margin practices.” Due to this On news, Autodesk’s stock price fell $10.73, or 4.1%, to close at $248.71 per share on April 2, 2024.

On April 16, 2024, Autodesk issued a press release providing an update on the internal investigation, stating that the company “will not file its annual report within the 15-day extension period…due to the ongoing investigation” and “expects to receive one.” Notice from the Nasdaq Exchange…that it is failing to comply with the timely filing requirement for further listing under the Nasdaq Listing Rules. On this news, Autodesk’s stock price fell $13.32 per share, or 5.84%, to close at $214.92 per share on April 17, 2024.

WHAT CAN I DO?
Autodesk investors can no later than June 24, 2024, seek to be appointed lead plaintiff in the class by Kessler Topaz Meltzer & Check, LLP or another attorney, or may elect to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Autodesk investors who have suffered significant losses to contact the company directly for further information. The class action lawsuit against Autodesk, Barkasi v. Autodesk, Inc., et al., Case No. 24-cv-02431 is filed in the U.S. District Court for the Northern District of California.

CLICK HERE TO Sign up for the case or go to: https://www.ktmc.com/new-cases/autodesk-inc?utm_source=PR&utm_medium=link&utm_campaign=adsk&mktm=r

Who can be lead plaintiff?
A lead plaintiff is a representative party acting on behalf of all class members in directing the litigation. The lead plaintiff is typically the investor or small group of investors that has the greatest financial interest and is also appropriate and typical of the proposed class of investors. The lead plaintiff shall select counsel to represent the lead plaintiff and the class, and such attorneys, if approved by the court, shall be lead or class counsel. Your ability to participate in the recovery will not be affected by the election of whether or not to serve as lead plaintiff.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP litigates class action lawsuits in state and federal courts across the country and around the world. The company has earned a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. In all our work, we share a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The claim in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]

May be considered attorney advertising in certain jurisdictions. Past results are no guarantee of future results.