Monday, 17 February 2025 01:30 PM
Class Action
PHILADELPHIA, PA / ACCESS Newswire / February 17, 2025 / Kehoe Law Firm, P.C. is investigating whether certain executive officers and directors of Autodesk, Inc. ("Autodesk" or the "Company") (NASDAQ:ADSK) breached their fiduciary duties by failing to manage Autodesk in an acceptable manner and whether Autodesk and its shareholders were harmed as a result.
Key Areas of the Autodesk Breach of Fiduciary Duties Investigation
On April 1, 2024, Autodesk announced that it could not file its Annual Report on Form 10-K for the year ended January 31, 2024 on time and, moreover, disclosed that its Audit Committee of the Board of Directors commenced an internal investigation regarding the Company's free cash flow and non-GAAP operating margin practices.
On April 16, 2024, the Company stated it would not be able to file its Annual Report on Form 10-K within the 15-day extension due to the ongoing investigation. On April 25, 2024, Autodesk confirmed receipt of a Nasdaq notice for noncompliance with listing requirements for failure to timely file its Form 10-K.
Finally, on June 3, 2024, following an internal accounting investigation regarding treatment of its free cash flow and operating margins, Autodesk reassigned its Chief Financial Officer. The Company also disclosed its practice of incentivizing customers to adopt multiyear, upfront billing arrangements and acknowledged that discounted multiyear upfront contracts reduce revenue and lower billings in out years.
Autodesk Investors: Protect Your Legal Rights
Autodesk investors who want to learn more about the investigation or explore potential legal claims can send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, no-obligation legal evaluation.
Autodesk investors can also provide details about their Autodesk holdings by completing our Securities Questionnaire.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, premier plaintiff-side class action firm dedicated to protecting investors and consumers from corporate misconduct. With a proven track record in litigation, our attorneys have served as Lead or Co-Lead Counsel in cases recovering over $10 billion on behalf of institutional and individual investors and consumers. We advocate and fight for justice in securities fraud, antitrust violations, consumer protection, employment law, data breaches, and whistleblower claims - holding corporations and executives accountable for their wrongdoing. At Kehoe Law Firm, we combine deep legal expertise with a reputation for excellence and results-driven outcomes. When you choose Kehoe Law Firm, you can trust our team to secure the compensation and accountability you deserve.
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SOURCE: Kehoe Law Firm, P.C.