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Class Action Lawsuit- INTU","","Intuit Inc. faces a securities-fraud class action filed on behalf of investors who purchased Intuit (NASDAQ: INTU) shares during the Class Period from August 22, 2025 through May 20, 2026. The complaint alleges materially false and/or misleading statements, including disclosures concerning Intuit’s tax-related business and TurboTax performance. 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Class Action Lawsuit-INTU  \nIntuit Inc.  \nNASDAQ: INTU  \nAffected INTU Investor Summary  \n• Who: Intuit Inc. ( NASDAQ: INTU)  \n• What: Securities fraud class action lawsuit filed  \n• Class Period: August 22, 2025 through May 20, 2026  \n• Deadline to Seek Lead Plaintiff Status: September 8, 2026  \n• Key Lawsuit Allegations: Material misstatements and/or omissions concerning the strength of the company’s tax-related business.  \n• Investor Action: Contact Kessler Topaz Meltzer & Check, LLP ([www.ktmc.com](www.ktmc.com)) for recovery options  \nThe Intuit Inc. class action lawsuit was filed on behalf of those who purchased or otherwise acquired Intuit Inc. (“Intuit”) (NASDAQ: INTU) securities between August 22, 2025, and May 20 , 2026 , inclusive (the “Class Period”) . Captioned Baldwin v. Intuit Inc. , No. 3:26-cv-07086 (N. D. Cal.), the Intuit class action lawsuit alleges that Intuit and/or certain of its officers and/or directors violated federal securities laws by making false or misleading statementsand/or omitted to disclose material information.  \nIf you lost money as a result of your Intuit investment and want to find out more about this action and your rights, fill out the form on this page or contact attorney Jonathan Naji, Esq. of KTMC by calling (484) 270-1453 or via e-mail at [info@ktmc.com](info@ktmc.com. Lead)[. Lead](info@ktmc.com. Lead)[ ](info@ktmc.com. Lead)[plaintiff motions must be filed with the court no later than September 8](plaintiff motions must be filed with the court no later than September 8), 2026.  \nCOMPLAINT ALLEGATION SUMMARY:  \nThe 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.  \nWHY DID INTUIT’S STOCK DROP?  \nOn 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  \n\n| | Intuit Inc. Class Action Lawsuit- INTU |\n| --- | --- |\n\napproximately 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.  \nOn 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.  \nTHE LEAD PLAINTIFF PROCESS:  \nThe Private Securities Litigation Reform Act of 1995 permits any investor who pur","cbCaii3a8dndN7vj","https://ap.wps.com/l/cbCaii3a8dndN7vj","pdf",66164,"English","# Affected INTU Investor Summary\n## Who/What/Class Period/Deadline\n# Complaint Allegation Summary\n# Why Did Intuit’s Stock Drop?\n# The Lead Plaintiff Process\n# About Kessler Topaz Meltzer & Check, LLP","[{\"question\":\"What is the Class Period and the Lead Plaintiff deadline?\",\"answer\":\"The Class Period runs from August 22, 2025 through May 20, 2026. The deadline to seek Lead Plaintiff status is September 8, 2026.\"},{\"question\":\"What core allegations does the lawsuit make?\",\"answer\":\"The complaint alleges materially false and/or misleading statements and omissions regarding Intuit’s tax-related business, including competitive advantages, growth expectations, and TurboTax revenue guidance.\"},{\"question\":\"How does the lead plaintiff process work?\",\"answer\":\"Under the Private Securities Litigation Reform Act of 1995, investors who bought or acquired Intuit securities during the Class Period may seek appointment as lead plaintiff. The court considers typicality and adequacy of representation, and decisions about lead plaintiff status do not prevent recovery participation.\"}]","Intuit Inc. Class Action Lawsuit- INTU | PDF",1789805747]