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Wednesday, 12 June 2024, 04:36 HKT/SGT

Source: Kaplan Fox & Kilsheimer LLP
AUTODESK (ADSK) INVESTOR ALERT: Kaplan Fox & Kilsheimer LLP Reminds Autodesk Investors of Deadline for Securities Fraud Class Action Lawsuit Filed Against Autodesk

NEW YORK, June 12, 2024 - (NewMediaWire) - Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) reminds investors that a complaint has been filed on behalf of purchasers or acquirers of Autodesk, Inc.  (“Autodesk” or the “Company”) (NASDAQ: ADSK) securities between June 1, 2023 and April 16, 2024 (the “Class Period”).  Click Here to Join Investigation.

If you are an Autodesk investor and have suffered losses, you may click here to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

Deadline Reminder:  If you are a member of the proposed Class, you may move the court no later than June 24 2024 to serve as a lead plaintiff for the purported class.  If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.

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, according to the complaint, Defendants assured investors as to the accuracy of financial reporting, the disclosure of any material changes to the company's internal control over financial reporting and the disclosure of all fraud.

Then, on April 1, 2024, Autodesk disclosed that the Company would be unable to timely file its annual report due to "an internal investigation with the assistance of outside counsel and advisors, regarding the Company's free cash flow and non-GAAP operating margin practices."

Following this news, the price of Autodesk stock fell $10.73 per share, 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 a notice from the Nasdaq Stock Market…that it is not in compliance with the timely filing requirement for continued listing under Nasdaq" listing rules.

Following this news, the price of Autodesk stock fell $13.32 per share, or 5.8%, to close at $214.92 per share on April 17, 2024.

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.  With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

If you have any questions about this investigation, please contact:

Pamela A. Mayer
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com

Laurence D. King
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com

Topic: Press release summary
Source: Kaplan Fox & Kilsheimer LLP

Sectors: Legal & Compliance
From the Asia Corporate News Network

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