Autodesk, Inc. (NASDAQ: ADSK)

This lawsuit is for anyone who acquired securities in Autodesk, Inc. (NASDAQ: ADSK) from June 1, 2023 through April 16, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had sufficient financial controls when the Company lacked those controls.

On April 1, 2024, Autodesk disclosed that it 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.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on April 16, 2024, the Company disclosed that it would be unable to file its annual report within the 15-day extension period due to the ongoing investigation. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Autodesk, Inc. (NASDAQ: ADSK) from June 1, 2023 through April 16, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.