Activist Investor Starboard Value Sues Autodesk to Delay Annual Meeting

Starboard Value seeks to reopen board nomination window after Autodesk's delayed disclosure of accounting probe findings.

Starboard Value holds a $500 million stake in Autodesk and is pushing for changes in governance and operations.
The activist investor claims Autodesk withheld information about an internal investigation until after the nomination window closed.
Autodesk's stock rose over 7% following Starboard's stake disclosure and lawsuit announcement.
Starboard is calling for the reopening of the nomination window and postponement of the July 16 annual meeting.
Autodesk maintains that the internal investigation found no need for financial restatements but replaced its CFO.