Glancy Prongay & Murray LLP, a prominent law firm, is reminding investors of the approaching deadline in the class action lawsuit against Autodesk, Inc. The deadline for filing a lead plaintiff motion in this class action is June 24, 2024.
Autodesk, Inc., a well-known company in the industry, has been facing legal challenges due to issues related to its financial practices. Investors who purchased or acquired Autodesk securities between June 1, 2023, and April 16, 2024, are encouraged to take action before the deadline.
On April 1, 2024, Autodesk announced that it would be unable to timely file its annual report due to an internal investigation concerning the company’s free cash flow and non-GAAP operating margin practices. This news led to a significant drop in Autodesk’s stock price, causing financial losses to investors.
Subsequently, on April 16, 2024, Autodesk revealed that it would not meet the extended filing deadline for its annual report due to the ongoing investigation. This announcement further impacted the company’s stock price, resulting in additional losses for investors.
The class action lawsuit alleges that throughout the Class Period, Autodesk, Inc. and its executives made false statements and failed to disclose crucial information about the company’s internal controls and financial practices. Investors were reportedly misled about the true state of the company’s business and prospects.
Investors who suffered losses on their Autodesk investments or wish to explore legal options under federal securities laws are advised to contact Glancy Prongay & Murray LLP for more information. They can submit their contact details on the firm’s website or reach out directly to Charles H. Linehan for assistance.
For those who purchased Autodesk securities during the Class Period, the opportunity to request appointment as lead plaintiff in the class action lawsuit is available until June 24, 2024. It is important for affected investors to take appropriate action within the specified timeframe to protect their rights and interests.
Stay updated on this developing story by following Glancy Prongay & Murray LLP on social media platforms such as LinkedIn, Twitter, and Facebook. The legal proceedings against Autodesk, Inc. serve as a reminder of the importance of transparency and accountability in corporate governance.
