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Autodesk Options Backdating Suit Laid To Rest

Law360 (December 15, 2008, 12:00 AM EST) -- A federal judge has thrown out a shareholder derivative suit accusing officers and directors at software design company Autodesk Inc. of granting millions of dollars’ worth of backdated options from 1997 through 2005, although the plaintiffs have been granted leave to amend their claims.

Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California granted Autodesk's bid to toss the complaint on Monday after finding that the plaintiffs hadn't alleged particularized facts demonstrating “demand futility,” which must be sufficiently pled in...
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