NEW YORK, NY / ACCESSWIRE / April 14, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Autodesk, Inc. ("Autodesk" or "the Company") (NASDAQ:ADSK). Investors who purchased Autodesk securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/ADSK.
Investigation Details:
Autodesk submitted a notification of late filing to the SEC on April 1, 2024, after the market had closed. The notification, filed on Form NT 10-K, explained that Autodesk could not meet the deadline for submitting its 10-K report for the fiscal year ending January 31, 2024.
Autodesk recently announced that following the release of their earnings on February 29, 2024, management became aware of certain information. This information prompted them to promptly inform the Audit Committee of the Board of Directors, leading to an internal investigation being initiated. The investigation, which is being conducted with the assistance of external counsel and advisors, focuses on the company's practices concerning free cash flow and non-GAAP operating margin. It is important to note that the Committee consists entirely of independent directors according to the Nasdaq Stock Market listing standards. The investigation is still ongoing, and all parties involved are working diligently to complete it. As part of their commitment to transparency, the company has voluntarily reached out to the SEC to inform them of the ongoing internal investigation. The Committee plans to provide additional information to the Commission as the investigation progresses. Given the need to support the Committee's investigation and review their practices in this area, the company requests additional time. Following this news, Autodesk stock dropped $10.73 per share or 4.13%, closing at $248.71 on April 2, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Autodesk securities, you can assist this investigation by visiting the firm's site: bgandg.com/ADSK. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original
press release on accesswire.com
