Autodesk (ADSK) Activist Investor Starboard Value LP Raises Concerns About ADSK's Accounting Practices – Hagens Berman
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SAN FRANCISCO, June 23, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Autodesk, Inc. (NASDAQ: ADSK) i...
Original sourceAI Summary
- Autodesk (ADSK) faces pressure from activist investor Starboard Value LP and a class-action lawsuit. - Starboard alleges Autodesk misled investors about financial health through accounting practices. - Concerns raised about Autodesk’s billing practices and manipulation of free cash flow. - Investigation ongoing into Autodesk’s internal controls and financial metrics. - Investors who suffered losses urged to contact Hagens Berman by June 24, 2024. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Legal
Market-Moving
- Autodesk (ADSK) faces pressure from activist investor Starboard Value LP and a class-action lawsuit.
- Starboard alleges Autodesk misled investors about financial health through accounting practices.
- Concerns raised about Autodesk’s billing practices and manipulation of free cash flow.
Key Facts
- Autodesk (ADSK) faces pressure from activist investor Starboard Value LP and a class-action lawsuit.
- Starboard alleges Autodesk misled investors about financial health through accounting practices.
- Concerns raised about Autodesk’s billing practices and manipulation of free cash flow.
- Investigation ongoing into Autodesk’s internal controls and financial metrics.
- Investors who suffered losses urged to contact Hagens Berman by June 24, 2024.