NEW
YORK, June 26, 2024 /PRNewswire/ -- Moore
Law, PLLC, a securities and shareholder law firm located on
Wall Street, is investigating potential claims against:
- Autodesk, Inc. (NASDAQ: ADSK)
Shareholders who acquired before June
1, 2023 should email: Fletcher@fmoorelaw.com
Autodesk describes itself as a "global leader in 3D design,
engineering and entertainment technology solutions, spanning
architecture, engineering, construction, product design,
manufacturing, media, and entertainment."
The investigation concerns a lack of adequate internal
controls as a result of issues with its free cash flow and non-GAAP
operating margin practices. On April
1, 2024, the Company filed with the SEC a late filing notice
announcing its Audit Committee had initiated an internal
investigation regarding the Company's free cash flow and non-GAAP
operating margin practices. On this news, the price of Autodesk
stock fell $10.73 per share, or
4.13%, to close at $248.71 on
April 2, 2024. Then, on April 16, 2024, the Company revealed it was
unable to file its Form 10-K within the 15-day extension received
from the SEC. On this news, the price of Autodesk stock fell
$13.32 per share, or 5.83%, to close
at $214.92 on April 17, 2024.
On March 8, 2024, the Company
voluntarily contacted the U.S. Securities and Exchange Commission
("SEC") to inform it of the Internal Investigation. On April 3, 2024, the
United States Attorney's Office for the Northern District of
California ("USAO") contacted the
Company regarding the Internal Investigation. The Company
voluntarily provided the SEC and USAO with certain documents
relating to the Internal Investigation and will continue to
cooperate with the SEC and USAO. At this stage, the Company cannot
reasonably estimate the amount of any possible financial loss that
could result from this matter.
If you own Autodesk, Inc. (NASDAQ: ADSK), please
contact Fletcher Moore by email at fletcher@fmoorelaw.com
or (212) 709-8245.
ABOUT MOORE LAW PLLC
Moore Law is a NYC plaintiff litigation law firm for investors.
We hold officers and directors accountable for breaches of
fiduciary duty, fraud, insider trading, wasteful
spending, and other corporate malfeasance. There is no cost to you.
Our investor cases are contingency only.
Fletcher Moore, Esq.
Moore Law, PLLC
fletcher@fmoorelaw.com
(212) 709-8245
www.fmoorelaw.com
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