{"id":114228,"date":"2024-04-12T02:07:49","date_gmt":"2024-04-12T02:07:49","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=121317"},"modified":"2024-04-12T02:07:49","modified_gmt":"2024-04-12T02:07:49","slug":"adsk-loss-alert-rosen-national-trial-counsel-encourages-autodesk-inc-investors-to-inquire-about-securities-class-action-investigation-adsk","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/adsk-loss-alert-rosen-national-trial-counsel-encourages-autodesk-inc-investors-to-inquire-about-securities-class-action-investigation-adsk\/","title":{"rendered":"ADSK LOSS ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Autodesk, Inc. Investors to Inquire About Securities Class Action Investigation \u2013 ADSK"},"content":{"rendered":"

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) —\u00a0WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Autodesk, Inc. (NASDAQ: ADSK) resulting from allegations that Autodesk may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong>\u00a0If you purchased Autodesk securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT:\u00a0<\/strong>To join the prospective class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=24019<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0case@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong>\u00a0On April 1, 2024, after the market closed, Autodesk filed with the SEC a late filing notice on Form NT 10-K. The late filing notice stated Autodesk was unable to file its 10-K for the fiscal year ending January 31, 2024 within the prescribed time period.<\/p>\n

Further, Autodesk announced \u201c[a]fter the Company\u2019s earnings release on February 29, 2024, information was brought to the attention of management, which promptly informed the Audit Committee (the \u201cCommittee\u201d) of the Board of Directors of the Company, that caused the Committee to commence an internal investigation with the assistance of outside counsel and advisors, regarding the Company\u2019s free cash flow and non-GAAP operating margin practices. The Committee\u00a0is comprised entirely of outside \u201cindependent directors\u201d as defined by the Nasdaq Stock Market listing standards.\u00a0The investigation is ongoing and all parties are working diligently to complete the investigation.\u00a0The Company has voluntarily contacted the [SEC] to advise it that an internal investigation is ongoing, and the Committee intends to provide additional information to the Commission as the investigation proceeds.\u00a0The Company needs further time to assist the Committee in its investigation and to review its practices in this regard.\u201d<\/p>\n

On this news, Autodesk\u2019s stock fell $10.73 per share, or 4.1%, to close at $248.71 per share on April 2, 2024.<\/p>\n

WHY ROSEN LAW:\u00a0<\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter:\u00a0https:\/\/twitter.com\/rosen_firm<\/a>\u00a0or on Facebook:\u00a0https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\ncase@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 9088513<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Autodesk, Inc. (NASDAQ: ADSK) resulting from allegations that Autodesk may have issued materially misleading business information to the investing public. SO WHAT:\u00a0If you purchased Autodesk securities you [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,52,415],"tags":[],"yoast_head":"\nADSK LOSS ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Autodesk, Inc. 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