CINCINNATI, Feb. 16, 2007 (PRIME NEWSWIRE) -- The law firm of Statman, Harris & Eyrich, LLC announces that a shareholder derivative complaint has been commenced in the United States District Court, Northern District of California, on behalf of nominal defendant Autodesk, Inc. ("Autodesk") (Nasdaq:ADSK) and against certain past and present executive officers and directors of Autodesk.
The complaint alleges violation of the Securities and Exchange Act of 1934, breach of fiduciary duty, aiding and abetting, unjust enrichment, rescission, gross mismanagement, and corporate waste. Plaintiff alleges that these claims arise from the actions of individual defendants in engaging in, or permitting others to engage in, the deceptive practice of backdating stock options granted to certain executives for the purpose of increasing the value of the options without disclosing or reporting the additional compensation or costs to Autodesk that resulted. The relevant time period for this action is between 1996 and 2006.
If you are a current Autodesk shareholder and wish to discuss this action, have questions concerning your rights, have information relevant to the litigation, or if you would like additional information concerning the shareholder derivative claims presently being litigated, please contact Jeffrey P. Harris, Esq. or Jon Clemons, Esq. by telephone at (513) 621-2666 or via e-mail at jharris@statmanharris.com.
Statman, Harris & Eyrich, LLC has offices in Chicago, Illinois; Cincinnati, Ohio; and Dayton, Ohio.