Results for: Misleading Statements

A class action lawsuit has been filed against Autodesk Inc. (ADSK) alleging that the company made materially false and misleading statements about its internal controls and financial performance during the period between June 1, 2023, and April 16, 2024. The lawsuit claims that Autodesk lacked adequate internal controls, leading to issues with its free cash flow and non-GAAP operating margin practices. As a result, the company’s statements about its business and prospects were allegedly false and misleading.

A class action lawsuit has been filed against Rivian Automotive, alleging that the company made false and misleading statements about its business operations and prospects. The lawsuit claims that Rivian overstated demand for its products and failed to disclose reduced demand and cancellations due to high interest rates. As a result, Rivian’s stock price fell significantly, causing losses to investors.