ADSK - Autodesk (ADSK) Accounting Probe Finds Manipulation of Financial Metrics – Hagens Berman | Benzinga

SAN FRANCISCO, June 17, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Autodesk, Inc. (NASDAQ:ADSK) investors who suffered substantial losses to take action now by submitting your losses here.

Class Period: June 1, 2023 – Apr. 16, 2024
Lead Plaintiff Deadline: June 24, 2024
Visit: www.hbsslaw.com/investor-fraud/adsk
Contact the Firm Now: ADSK@hbsslaw.com | 844-916-0895

Autodesk, Inc. (ADSK) Class Action:

Autodesk, the design software company, emerged from a months-long investigation on May 31, revealing that executives had improperly influenced certain financial metrics by shifting charges and payments. The company, however, said it would not restate past financial results.

The investigation, launched in April after a delay in filing annual reports, found that decisions about spending, collections, and accounts payable were made with an eye toward impacting specific financial benchmarks. The company did not specify which metrics were affected, but the revelation raises questions about the accuracy of past financial reporting at Autodesk.

"The audit committee identified areas where decisions about spending, collections and accounting practices were informed by how they would affect certain company financial metrics," the company said in a statement.

Autodesk's stock price soared in March ...

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