Day: April 12, 2024

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ADSK LOSS ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Autodesk, Inc. Investors to Inquire About Securities Class Action Investigation – ADSK

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Autodesk, Inc. (NASDAQ: ADSK) resulting from allegations that Autodesk may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Autodesk securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=24019 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On April 1, 2024, after the market closed, Autodesk filed with the SEC a late filing notice on Form NT 10-K. The late filing notice stated Autodesk was unable to file its 10-K for the fiscal year ending January 31, 2024 within the prescribed time period.

Further, Autodesk announced “[a]fter the Company’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 the Company, that caused the Committee to commence an internal investigation with the assistance of outside counsel and advisors, regarding the Company’s free cash flow and non-GAAP operating margin practices. The Committee is comprised entirely of outside “independent directors” as defined by the Nasdaq Stock Market listing standards. The investigation is ongoing and all parties are working diligently to complete the investigation. The Company has voluntarily contacted the [SEC] to advise it that an internal investigation is ongoing, and the Committee intends to provide additional information to the Commission as the investigation proceeds. The Company needs further time to assist the Committee in its investigation and to review its practices in this regard.”

On this news, Autodesk’s stock fell $10.73 per share, or 4.1%, to close at $248.71 per share on April 2, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9088513

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President greets Iranian Counterpart on Eid-ul-Fitr


President Asif Ali Zardari and President of Iran, Seyed Ebrahim Raisi, held a telephonic conversation and exchanged greetings on the occasion of Eid-ul-Fitr.

During the conversation, President Asif Ali Zardari offered his heartfelt condolences and sympathies to the Iranian leadership and the bereaved families who lost their dear ones in the Israeli attack on the Iranian embassy in Damascus.

The President expressed his concern over the humanitarian crisis and the genocide being committed by the Israeli forces and called for an immediate ceasefire in Gaza.

President Asif Ali Zardari assured his Iranian counterpart that Pakistan would continue to work with Iran in all areas of mutual interest to further boost bilateral cooperation.

He underlined the need to enhance the exchange of information to overcome the security challenges being faced by the two countries.

He extended an invitation to the Iranian President to visit Pakistan.

The President also wished the Iranian President and his family continued wel
l-being, health and happiness.

Source: Radio Pakistan

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Bahawalnagar incident addressed through military, police joint efforts: ISPR


The unfortunate Bahawalnagar incident was promptly addressed and resolved through collaborative efforts of military and police authorities.

According to ISPR, despite this, certain factions with vested motives started fanning vitriolic propaganda on social media to create divisions between state institutions and government departments.

To ensure a fair and deliberate inquiry, and to determine responsibility for violation of laws and misuse of authority, a joint inquiry comprising security and police officials will be conducted for ascertaining the facts and apportioning responsibility.

Source: Radio Pakistan

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Naqvi voices satisfaction over security situation


Interior Minister Moshin Naqvi has expressed satisfaction over security situation across the country on Eid days.

In a statement, he praised the hard work of law enforcement agencies and departments to ensure fool proof security for peaceful Eid congregations and ceremonies.

Mohsin Naqvi said security personnel sacrificed their own moments of joy for bringing smiles on people’s faces.

He said all law enforcement agencies and departments worked as a team and the same spirit would be followed in future also.

Source: Radio Pakistan

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ADB’s report validates correct economic policies: Cheema


Federal Minister for Economic Affairs, Ahad Cheema has termed the Asian Development Outlook report for April 2024 as a validation of the government’s correct economic policies.

In a statement issued by Economic Affairs Division in Islamabad, he said the report portrayed positive prospects for Pakistan’s economy under the leadership of Prime Minister Shehbaz Sharif.

The Minister said that the government had started working towards a stable and sustainable economy. He said that inflation was decreasing in the country and this had also been confirmed by global financial institutions.

Ahad Cheema said the government had been working to improve financial discipline and promote investment for better business environment in the country.

The minister said the government was committed in implementing the recommendations of the ADB and continue to work towards building an economy where opportunities are available for all Pakistanis.

The Outlook Report estimated a growth rate of two point eight percent for Pakista
n in the forthcoming financial year and also predicted a decline of inflation up to fifteen percent.

Source: Radio Pakistan