ADSK INVESTOR DEADLINE

Robbins Geller Rudman & Dowd LLP Announces that Autodesk, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Autodesk, Inc. (NASDAQ: ADSK) publicly traded securities between June 1, 2023 and April 16, 2024, both dates inclusive (the “Class Period”), have until June 24, 2024 to seek appointment as lead plaintiff of the Autodesk class action lawsuit. Captioned Barkasi v. Autodesk, Inc., No. 24-cv-02431 (N.D. Cal.), the Autodesk class action lawsuit charges Autodesk and certain of Autodesk’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Autodesk class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-autodesk-inc-class-action-lawsuit-adsk.h ...

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail]. Lead plaintiff motions for the Autodesk class action lawsuit must be filed with the court no later than June 24, 2024.

CASE ALLEGATIONS: 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 Autodesk class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Autodesk lacked adequate internal controls as a result of issues with its free cash flow and non-GAAP operating margin practices.

The Autodesk class action lawsuit further alleges that on April 1, 2024 Autodesk revealed that it would be “unable to file its Annual Report on Form 10-K for the year ended January 31, 2024 . . . within the prescribed time period, without unreasonable effort or expense,” that after Autodesk’s “earnings release on February 29, 2024, information was brought to the attention of management, which promptly informed the Audit Committee (the “Committee”) of the Board of Directors of [Autodesk], that caused the Committee to commence an internal investigation with the assistance of outside counsel and advisors, regarding [Autodesk]’s free cash flow and non-GAAP operating margin practices,” and that Autodesk “has voluntarily contacted the Securities and Exchange Commission . . . to advise it that an internal investigation is ongoing, and the Committee intends to provide additional information to the Commission as the investigation proceeds.” On this news, the price of Autodesk stock fell more than 4%, according to the Autodesk class action lawsuit.