A magisterial directory TO THE AUTODESK CLASS ACTION LAWSUIT

If you suffered losses in Autodesk stock, contact Timothy L. Miles about an Autodesk class action lawsuit

INTRODUCTION TO THE AUTODESK CLASS ACTION LAWSUIT

Contact Autodesk stock loss lawyer Timothy L. Miles today about an Autodesk class action lawsuit

​The Autodesk class action lawsuit seeks to represent purchasers or acquirers of Autodesk, Inc. (NASDAQ: ADSK) publicly traded securities between June 1, 2023, and April 16, 2024, inclusive (the “Class Period”).  Captioned Barkasi v. Autodesk, Inc., No. 24-cv-02431 (N.D. Cal.), the Autodesk class action lawsuit charges Autodesk and certain of Autodesk’s top executives with violations of the Securities Exchange Act of 1934.
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​​If you suffered losses in Autodesk stock during the Class Period and wish to serve as the lead plaintiff or have general questions about your rights as a shareholder, you can contact Autodesk​​ stock loss lawyer Timothy L. Miles at no charge. He can be reached by calling 855/846-6529 or via e-mail at [email protected].  Lead plaintiff motions must be filed with the court no later than June 24, 2024.

In this magisterial directory, we will discuss in detail everything an Autodesk shareholder needs to know about the Autodesk class action lawsuit.

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THE ALLEGATIONS IN THE AUTODESK CLASS ACTION LAWSUIT

​Autodesk describes itself as a “global leader in 3D design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media, and entertainment.” The allegations in the Autodesk class action lawsuit can be summarized as follows:
False and Misleading Statements: 

• The Autodesk class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Autodesk lacked adequate internal controls as a result of issues with its free cash flow and non-GAAP operating margin practices.

Free Cash Flow Internal Investigation:

• On April 1, 2024 Autodesk revealed that it would be “unable to file its Annual Report on Form 10-K for the year ended January 31, 2024 . . . within the prescribed time period, without unreasonable effort or expense,” that after Autodesk’s “earnings release on February 29, 2024, information was brought to the attention of management, which promptly informed the Audit Committee (the “Committee”) of the Board of Directors of [Autodesk], that caused the Committee to commence an internal investigation with the assistance of outside counsel and advisors, regarding [Autodesk]’s free cash flow and non-GAAP operating margin practices,” and that Autodesk “has voluntarily contacted the Securities and Exchange Commission . . . to advise it that an internal investigation is ongoing, and the Committee intends to provide additional information to the Commission as the investigation proceeds.”  On this news, the price of Autodesk stock fell more than 4%, according to the Autodesk class action lawsuit.

Non-Compliance with NASDAQ: 

• On April 16, 2024 Autodesk disclosed that it “will not file its Annual Report on Form 10-K for the year ended January 31, 2024 . . . within the 15-day extension period contemplated by Rule 12b-25(b) under the Securities Exchange Act of 1934” and that “[a]ccordingly, [Autodesk] expects to receive a notice from The Nasdaq Stock Market . . . that it is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1).”  On this news, the price of Autodesk fell more than 7%, according to the Autodesk class action lawsuit.

THE LEAD PLAINTIFF DEADLINE IN THE AUTODESK CLASS ACTION LAWSUIT

Contact us today for a free case evaluation about an Autodesk class action lawsu

​​Lead plaintiff motions for the Autodesk class action lawsuit must be filed with the court no later than June 24, 2024.​ When a securities class action is filed the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.

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YOU HAVE TWO CHOICES IF YOU RECEIVE A NOTICE IN THE AUTODESK CLASS ACTION LAWSUIT

​If you receive a notice from the court, you have two choices:

1. ​Do Nothing: By doing nothing, you will remain a member of the class represented by lead counsel.
2. Opt-Out: If you believe you have a large enough loss to justify it, you can opt out of the Autodesk lawsuit and file your separate lawsuit. However, if you choose to opt-out, you will not be able to participate in any settlement or recovery obtained in the Autodesk class action lawsuit.

WHAT THE PLAINTIFFS MUST PROVE IN THE AUTODESK CLASS ACTION LAWSUIT

1. The defendant made a material misrepresentation or omission.
2. The defendant acted with scienter, indicating a wrongful state of mind.
3. The misrepresentation or omission was made in connection with the purchase or sale of a security.
4. The plaintiff relied on the misrepresentation or omission.
5. The plaintiff suffered an economic loss as a result of the fraud.
6. The plaintiff can demonstrate loss causation, proving that the fraudulent misrepresentation or omission caused the economic loss.

THE STAGES TO THE AUTODESK CLASS ACTION LAWSUIT

​​​​​The Autodesk class action lawsuit will go through several stages before resolving. These stages include:

1. Consolidation of related cases and the appointment of a lead plaintiff.
2. Filing of a consolidated complaint by the lead plaintiff.
3. Defendants' motion to dismiss the complaint.
4. Class certification, determining if the criteria for class certification are met and if so, the lawsuit can proceed as a class action.
5. Discovery, where both parties exchange relevant documents and information.
6. Settlement talks and potential mediation.
7. Motions for summary judgment, seeking a resolution without trial.
8. Trial, where the court determines liability and damages if the case does not settle.
9. Possible appeal, which can extend the timeline of the lawsuit.

THE LEAD PLAINTIFF PROCESS IN THE AUTODESK CLASS ACTION LAWSUIT

The Private Securities Litigation Reform Act of 1995 (PSLRA) permits any investor who purchased and suffered losses in Autodesk​​ stock to seek appointment as lead plaintiff in the Autodesk class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. ​

​A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. ​

A NON-US INVESTOR MAY SERVE AS A LEAD PLAINTIFF IN THE AUTODESK CLASS ACTION LAWSUIT

Courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors.  Thus, if a non-U.S. investor suffered losses in Autodesk​​ stock, they may move the Court to be appointed lead plaintiff in the class action against Autodesk. 

THE BENEFITS OF SERVING AS A LEAD PLAINTIFF IN THE AUTODESK CLASS ACTION LAWSUIT

​There are several benefits to serving as the lead plaintiff in the class action against Autodesk​:

1. Negotiating more competitive attorney fees and reducing litigation costs.
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in decision-making processes regarding the settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a  settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

THE RESPONSIBILITIES THE LEAD PLAINTIFF IN THE AUTODESK CLASS ACTION LAWSUIT WILL HAVE

​As the lead plaintiff, you have specific responsibilities to fulfill. These responsibilities include:

1. Selecting, monitoring, and overseeing lead counsel.
2. Reviewing and commenting on court filings on behalf of the class.
3. Discussing litigation strategies with the Lead Counsel.
4. Attending depositions (if necessary) and giving a deposition.
5. Attending hearings (if necessary).
6. Participating in mediation and the trial (if necessary).
7. Provide input on any decision concerning the settlement of the securities class action.

frequently asked questions

Can I serve as a lead plaintiff in the class action against Autodesk if I purchases shares outside of the class period?

No.  Even if you suffered losses in Autodesk​​​ stock, if you purchased securities outside of the Class period, you will not be able to participate in the Autodesk class action lawsuit.​

Will the lead plaintiff get more money if the Autodesk class action lawsuit settles than class members?

Call Timothy L. Miles for a free case evaluation in the Autodesk class action lawsuit

​No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLRA, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class.  However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the Autodesk class action lawsuit on behalf of investors who suffered losses in Autodesk​ stock. 

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Can I serve as a lead plaintiff in the class action against Autodesk if I am serving as lead plaintiff in another securities fraud case?

​​Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in Autodesk​ stock, you may move to be appointed lead plaintiff in the Autodesk class action lawsuit.

Can the court appoint more than one lead plaintiff in the Autodesk lawsuit?

​​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the Autodesk class action lawsuit.

Can I serve as lead plaintiff in the Autodesk class action lawsuit if I sold my shares?

​Yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the Autodesk lawsuit.

How do I know if I am a member of the class in the class action against Autodesk?

​​If you purchased shares during the class period and suffered losses in Autodesk stock, then you are most likely a member of the class in the Autodesk lawsuit and may participate in the Autodesk lawsuit since you suffered losses in Autodesk​​ stock.

How much does it cost to hire an Autodesk stock loss lawyer?

​​If you suffered losses in Autodesk stock and are a member of the class, it does not cost anything to hire an Autodesk stock loss lawyer.  Our firm litigates securities fraud cases on a contingent fee basis, so plaintiffs and the class do not pay attorneys’ fees or court costs unless there is a recovery, and the attorney fees and costs are awarded by the court as a percentage of the total recovery for the class.  

CONTACT AN AUTODESK STOCK LOSS LAWYER TODAY ABOUT AN AUTODESK CLASS ACTION LAWSUIT

If you suffered losses in Autodesk stock, contact Autodesk​ stock loss lawyer Timothy L. Miles today for a free case evaluation about an Autodesk ​class action lawsuit. Call today and see what an Autodesk stock loss lawyer could do for you if you suffered losses in Autodesk​​​ ​stock. ​This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. ​

​The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
​​Email: [email protected]

Autodesk​ stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,  shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
​​Phone: (855) 846-6529
​Email: [email protected]nm​​​