
DEADLINE ALERT: Intuit Inc. (INTU) Investors: September 8, 2026, Deadline in Securities Fraud Class Action Lawsuit - Contact Kessler Topaz Meltzer & Check, LLP
PRNewsWire
Published: Aug 22, 2026, 03:20 AM GMT+9
Sentiment Analysis
Did you buy INTU securities between August 22, 2025 and May 20, 2026? Affected INTU Investor Summary Who: Intuit Inc. ( NASDAQ: INTU ) What: Securities fraud class action lawsuit filed Class Period: August 22, 2025 through May 20, 2026 Deadline to Seek Lead Plaintiff Status: September 8, 2026 Key Lawsuit Allegations: Material misstatements and/or omissions concerning the strength of the company's tax-related business. Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com ) for recovery options RADNOR, Pa. , Aug. 21, 2026 /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) , a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Intuit Inc. (Intuit) (NASDAQ: INTU ) on behalf of those who purchased or acquired Intuit securities between August 22, 2025 and May 20, 2026, inclusive. The lawsuit is filed in the United States District Court for the Northern District of California and is captioned Baldwin v. Intuit Inc. , No. 3:26-cv-07086 (N.D. Cal.). Investors have until September 8, 2026, to file for lead plaintiff status. CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS: If you purchased or acquired Intuit Inc. securities and have lost money on your investment, please provide your information here: https://www.ktmc.com/intu-intuit-inc-class-action-lawsuit?utm_source=PR_Newswire&utm_medium=pressrelease&utm_campaign=intu&mktm=PR You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected] . There is no cost or obligation to speak with an attorney. The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Intuit overstated its competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, increasing competitive and pricing pressures; (3) Intuit's previously issued full year 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (4) as a result, Defendants' statements about the company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On May 20, 2026, before the market opened, Reuters reported Intuit was laying off about 17% of its global workforce, or about 3,000 employees worldwide, to streamline operations, and was winding down its Reno and Woodland Hills offices as part of a strategic restructuring. On this news, the price of Intuit common stock declined $15.78 per share, or approximately 3.9%, from a close of $399.71 per share on May 19, 2026, to close at $383.93 per share on May 20, 2026. On May 20, 2026, after the market closed, Intuit announced its third quarter fiscal year 2026 financial results and revealed revenue growth of only 7% year-over-year, versus consensus estimates of at least 8%. During the corresponding earnings call, Intuit acknowledged that TurboTax did not have "the overall tax season we expected" and that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season." On this news, the price of Intuit common stock declined $76.86 per share, or approximately 20%, from a close of $383.93 per share on May 20, 2026, to close at $307.07 per share on May 21, 2026.
Source: PRNewsWire
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