StockNews.AI
ADSK
StockNews.AI
186 days

AUTODESK INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Autodesk, Inc.'s Directors and Officers for Breach of Fiduciary Duties – ADSK

1. Scott+Scott is investigating Autodesk's leadership for potential fiduciary breaches. 2. Autodesk's board launched an internal investigation on cash flow and margins. 3. The U.S. Attorney’s Office has contacted Autodesk regarding this investigation. 4. Autodesk delayed its annual report due to ongoing internal issues. 5. CFO reassigned as part of the investigation related to financial practices.

4m saved
Insight
Article

FAQ

Why Bearish?

Ongoing investigations generally suggest mismanagement, potentially decreasing investor confidence.

How important is it?

Investigations into fiduciary duties can significantly affect stock price and stakeholder perception.

Why Short Term?

Negative news and investigations often result in immediate price volatility.

Related Companies

ADSKAAPLMSFT
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Autodesk, Inc. (“Autodesk”) (NASDAQ: ADSK) breached their fiduciary duties to Autodesk and its shareholders. CLICK HERE TO LEARN MORE Scott+Scott is investigating whether members of Autodesk’s board of directors or senior management failed to manage Autodesk in an acceptable manner, in breach of their fiduciary duties to Autodesk, and whether Autodesk and its shareholders have suffered damages as a result. On April 1, 2024, Autodesk announced that the Audit Committee of its Board of Directors had commenced an internal investigation regarding the company’s free cash flow and non-GAAP operating margin practices. On April 3, 2024, Autodesk was contacted by the United States Attorney’s Office for the Northern District of California regarding the investigation. On April 16, 2024, Autodesk announced it would not be able to timely file its annual report on SEC Form 10-K. On June 3, 2024, Autodesk announced that it had reassigned its Chief Financial Officer (“CFO”) in conjunction with the investigation. What You Can Do – CLICK HERE FOR YOUR OPTIONS AS A SHAREHOLDER If you own shares of Autodesk, you may have legal claims against Autodesk’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or jpettigrew@scott-scott.com. About Scott+Scott Attorneys at Law LLP Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoings, including securities law and shareholder violations. With more than 100 attorneys in nine offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States. To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit www.scott-scott.com. Attorney Advertising

Related News