SAN FRANCISCO, June 17, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Autodesk, Inc. (NASDAQ: ADSK) investors who suffered substantial losses to take action now by submitting your losses here. Class Period: June 1, 2023 – Apr. 16, 2024Lead Plaintiff Deadline: June 24, 2024Visit: www.hbsslaw.com/investor-fraud/adsk Contact the Firm Now: ADSK@hbsslaw.com | 844-916-0895 Autodesk, Inc. (ADSK) Class Action: Autodesk, the design software company, emerged from a months-long investigation on May 31, revealing that ...

RADNOR, Pa., June 17, 2024 /PRNewswire/ -- 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 United States District Court for the Northern District of California against Autodesk, Inc. ("Autodesk") (NASDAQ: ADSK). The action charges Autodesk with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects.  As a res ...

Autodesk Inc (NASDAQ:ADSK) is up 4.6% to trade at $236.11 today, after the Wall Street Journal reported Starboard Value, which disclosed a $500 million stake in the company, is suing Autodesk's board while simultaneously pushing for changes. The firm alleged that the board perpetuated an "entrenchment scheme" and "misled investors," with hopes to nominate new members shortly.  On the charts, today's pop had ADSK jumping back above its 200-day moving average for the first time since a steep mid-April bear ga ...

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SAN FRANCISCO, June 17, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today issued the following statement in response to a letter from Starboard Value LP to its shareholders:Autodesk's Board of Directors maintains an open dialogue with our shareholders and welcomes input on our business, including from Starboard, with whom we have sought to engage constructively since they first reached out in early June. The Autodesk Board and management team regularly evaluate opportunities to enhance long-term valu ...

Activist investor Starboard Value took a $500 million stake in design software company Autodesk (NASDAQ:ADSK) and may file a lawsuit over the company’s accounting issues. This news is sending ADSK stock up.Shares in Autodesk rose 5% over the weekend on the news. ADSK stock was due to open this morning at $237, a market capitalization of nearly $51 billion after 2023 sales of $5.5 billion.Design Is Soft, Accounting Is HardAutodesk was founded in 1982 by John Walker around a design tool called AutoCAD. Its so ...

NEW YORK, June 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Autodesk, Inc. (NASDAQ: ADSK).Shareholders who purchased shares of ADSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/autodesk-loss-submission-form/?id=85485&from=4 CLASS PERIOD: June 1, 2023 to April 16, 202 ...

Core Viewpoint - Starboard Value has acquired a significant stake in Autodesk, valued at approximately $500 million, and has raised concerns regarding the company's internal investigation and disclosures related to misleading financial metrics [1][2]. Group 1: Stake Acquisition and Concerns - Starboard Value, led by Jeff Smith, has taken a sizable stake in Autodesk, valued at around $500 million [1]. - The activist fund is particularly worried about the timing of Autodesk's disclosure regarding an internal investigation that revealed misleading information about free cash flow metrics and operating margins [1][2]. Group 2: Internal Investigation and CFO Ouster - The internal investigation resulted in the ousting of Autodesk's CFO, Deborah Clifford, who was reassigned to another executive role [2]. - The investigation found that executives manipulated reporting related to the company's contract billing structure, shifting from annualized payments to upfront payments to enhance financial metrics [2]. Group 3: Disclosure Timing and Legal Action - Autodesk disclosed the internal investigation in April, nearly a month after it began, which led to a 20% decline in its share price [2]. - The timing of the disclosure raised concerns for Starboard, as it occurred shortly after the deadline for director nominations, potentially limiting shareholder actions [3]. - Starboard is considering legal action in Delaware Chancery court to reopen Autodesk's nominating window and delay the annual meeting scheduled for July 16 [3]. Group 4: Potential for Improvement - Starboard believes that Autodesk can achieve actual margin improvements and enhance investor communications to support its stock price [3]. Group 5: Previous Activist Engagements - Autodesk has previously faced activist scrutiny, settling with two activist investors in 2016 to avoid a proxy contest [4]. - The company is currently under investigation by the Justice Department and SEC [4].

NEW YORK, June 16, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Autodesk, Inc. (NASDAQ: ADSK) between June 1, 2023 and April 16, 2024, both dates inclusive (the “Class Period”), shareholders who want to serve as lead plaintiff for the class must file their motions with the court by June 24, 2024. If you purchased Autodesk securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or c ...

NEW YORK, June 13, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Autodesk, Inc. (NASDAQ: ADSK) between June 1, 2023 and April 16, 2024, both dates inclusive (the "Class Period"), of the important June 24, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.So what: If you purchased Autodesk securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or co ...